An Upbeat Street After Intel Report

Intel's first-quarter earnings gives investors hope that the chipmakerand the tech sectorare weathering the economic downturn
Nigel Treblin/AFP/Getty Images

Having come clean with the bad news about its memory chip business a month ago, Intel (INTC) turned in a surprisingly upbeat first-quarter report despite a double-digit drop in profits, heartening anxious investors with news of "healthy demand" for its mainline chips for computers and servers.

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