Intel, IBM Results Show Return of Corporate Computing Demand
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Intel Corp. and International Business Machines Corp. issued sales and profit forecasts that reflected demand from companies eager to upgrade computer systems left fallow during the recession.
IBM, the largest computer-services provider, boosted its full-year profit forecast, while Intel, the top chipmaker, forecast second-quarter sales higher than analysts predicted. VMware Inc., EMC Corp. and Juniper Networks Inc., three other business-technology providers, also met or topped analysts’ projections.