Good News: Intel Raises Revenue Forecast

In what might be taken as a sign that the economy is improving, Intel raised its fourth-quarter revenue forecast this week. Thanks to stronger-than-expected holiday sales, the company now expects income to fall in the $8.5 to $8.7 billion range, up from its earlier estimate of $8.1 to $8.7 billion. "If you look at how this company is positioned right now, there's no reason for anything but optimism," Pacific Crest Securities Senior Research Analyst Michael McConnell said.

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