BUSINESS BRIEFING / COMPUTERS
Times Wire Reports
Intel Corp.’s chief executive said 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% in after-hours trading after 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. He said he’s convinced that things are returning to normal seasonal patterns and that Intel’s results have been “so far, so good” in the second quarter.
