Intel 2Q Profit Jumps 25% Jul 16, 2008

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Intel Corp. said its 2Q 2008 profit jumped 25%. Intel CEO Paul Otellini said demand for Intel's chips remains strong "in all segments and all parts of the globe." Three-quarters of Intel's business is outside the U.S. Net income was $1.6 billion in the three-month period ending June 28.

Intel's sales were up 9% over last year. The company is projecting between $10 billion and $10.6 billion in sales for the third quarter.

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