Intel's profit leaps 57% in quarter

Article Abstract:

Intel Corp. posted a 57% improvement in its profits for the first-quarter of 1999. The profit results were higher than what Wall Street analysts had predicted. Intel's profit rose as a result of cost-cutting moves and a revenue growth of 18%. Intel is the largest manufacturer of personal computer chips in the world. The company stated that it posted $2 billion in earnings. This comes out to 57 cents per share.

Comment:

Posts 57% improvement in profits for first-quarter of 1999

Sales, profits & dividends, Intel Corp., Abstract

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Agere repays part of debt

Article Abstract:

Agere Systems Inc. announced that it has repaid a portion of its total $2.5 billion debt. The company paid off $1 billion of its debt.

Semiconductors and related devices, Use of Funds, Debt, Agere Systems Inc.

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