OTHER NEWS - Dec. 17, 1992
From Times Staff and Wire Reports
Intel Optimistic on Earnings: Intel Corp., in a vivid demonstration of changing fortunes in the computer industry, said it expects fourth-quarter results to be “well above” analyst estimates. Just a day after International Business Machines Corp. said it will cut 25,000 more jobs, Intel said its bottom line is being boosted by high demand for its Intel 486 microprocessors, the heart of many powerful personal computers. Intel stock jumped on the news, gaining $6.125, or 7%, to $83.50 in heavy NASDAQ trading. Intel, which earned $189 million in the final quarter of 1991, said fourth-quarter revenue will be 25% above its third-quarter revenue of $1.43 billion.
