Intel Corp. (INTC) Reports Better than Expected Results; Strong Demand for High-end Servers
Intel announced that the demand for its chips was, “solid” during the first quarter of this year, which subsequently eased rising fears that the somewhat weak economy was beginning to affect the technology industry. The Chief Executive, Paul S. Otellini stated, “The first quarter marked a very good start to 2008." The results, he added, “demonstrate a strengthening core business and a solid global market environment.” The company particularly noted the strong demand for its high-end servers, especially in North America. This strong demand for high-end servers is also advantageous to companies such as Angstrom Microsystems, which is focused on…