Intel Takes A Bounce On The Street
Few companies can top the turbocharged first-quarter results from semiconductor makers Intel and Motorola. Spurred by sales of its hot-selling 486 microprocessor, Intel's earnings nearly tripled, to $548 million. At rival Motorola, sales of both chips and such wireless products as cellular phones soared, pushing up profits 63%, to $204 million. While Motorola's outlook remains bright, Wall Street's initial euphoria with Intel gave way to fear that it can't sustain its stel-lar performance. After boosting Intel by 4 1/2, to 117 1/2, on the Apr. 12 news, investors reversed course the next day, driving the stock down to 112 5/8.
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