Intel beats third quarter earnings forecasts

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Intel did well for itself in the third quarter, outpacing analyst's profit and revenue forecasts -- though, figures were still down from a year ago. The chipmaker posted net income of $1.9 billion on revenue of $9.4 billion during the third quarter, which is up 73% and 18% from the previous quarter, but down 15% and 7.8% year-over-year.

Intel seemed pleased with the figures despite the decline from 2008. "Intel's strong third-quarter results underscore that computing is essential to people's lives, proving the importance of technology innovation in leading an economic recovery," said Intel CEO Paul Otellini in a statement. Otellini said the company is confident in its business prospects going forward, and it is looking ahead to its "game-changing" 32nm technology.

During the second quarter, Intel accounted for 80.6% of global microprocessor revenue -- up 1.4% from a year ago. The company's presence will only increase as it elbows its way into the mobile market.

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