Intel Reports 3Q Profit Oct 16, 2008

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Intel Corp.'s 3Q profit rose 12%, but the chip maker cautioned that the pall the financial crisis has cast over the technology sector makes it hard to predict its results for the current period.

Profit for the three months ended Sept. 27 was US$2.01 billion. Sales were $10.22 billion, just a 1% increase over last year. The company said that it still expects healthy and relatively unchanged profit margins for the October-December quarter.

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