Even though its profits were recently sunk into the red by a one-time $1.45 billion fine from the EC, Intel has long been heralding brighter days for the PC industry as a whole. Back in April, amid general skepticism and economic uncertainty, CEO Paul Otellini declared the worst was over for the industry as inventories and demand slowly returned to normal seasonal levels. Things must still be improving, with Intel today sending out a press release saying it has raised expectations for the ongoing third quarter.

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I thought the 1.45B fine by the EU was under appeal?

Yes, but they still had to pay the massive fine and will recoup the funds if the appeal is successful. (You can find our previous coverage here)