Intel posts earnings - profits rise

Intel has posted revenue of US$4.64 billion for its first quarter, up 31% from the US$3.56 billion in the quarter last year.

Profits rose slightly from US$889 million a year ago to US$894 million.

Intel's sales for the first quarter are only 1% higher than the fourth quarter of 1995, and Intel says it expects flat sales, though stronger earnings in the second quarter of this year. The company says it expects a shift toward higher-margin products such as faster Pentium processors, to boost margins in the second quarter, however.

Intel also says it will ship a sub-US$3,000 Pentium Pro PC by midyear, and that it has signed a number of motherboard licensing deals with Taiwanese manufacturers.

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