This article was reported in Wall Street Journal on April 15th 2008
Intel's profit contracted 12% to $1.44 billion in the first quarter as falling prices for flash memory and higher restructuring costs offset strength in its core microprocessor business. Revenue grew 9.3% to $9.67 billion.CEO Paul Otellini said the chip giant saw "healthy demand" for its processors in the quarter and he "remains optimistic" about Intel's opportunities for growth.
http://online.wsj.com/technology?mod.value.wsjTechAlert
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