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AccessMyLibrary    Browse    D    Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)    JUN-01    Intel Reassures Shareholders That Sales Remain Consistent.

Intel Reassures Shareholders That Sales Remain Consistent.

Publication: Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

Publication Date: 08-JUN-01
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COPYRIGHT 2001 Daily News

Byline: Rachel Scheier

Jun. 8--In a shred of encouraging news against what has been a bleak landscape for tech companies lately, No. 1 computer chip giant Intel said yesterday that sales won't fall below previously lowered expectations.

The news -- which Wall Street and investors awaited anxiously all day -- was released after the markets closed and sparked an immediate buying spree in after-hours trading in Intel shares. The stock jumped as much as 8 percent on top of its 4 percent advance during the regular session...

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