SANTA CLARA, Calif. — Intel Corp.’s chief executive said Tuesday that chip orders have been "a little better than we expected” so far in the second quarter, a sign that semiconductor sales are slowly improving.
The company’s stock climbed 3 percent in after-hours trading following Paul Otellini’s comments during an analyst conference at Intel’s Santa Clara headquarters. Otellini said he stands by his remark last month that personal computer sales have "bottomed out” and are recovering from their worst slump in six years.
wire reports
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