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Intel beats. Next up: Microsoft | |
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| Time: 00:00 EST/05:00 GMT | News Source: CNN | Posted By: Todd Richardson | ||
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Intel and Microsoft are the Bogey and Bacall of the technology world, or for the younger readers, Ben and J. Lo. As the makers of the dominant chip and operating system that power PCs, it goes without saying that the results of Intel and Microsoft this week will go a long way toward determining whether the recent rally in technology stocks is for real, or just another false start. On Tuesday, Intel posted revenue growth of 3 percent from a year ago, and a 7 percent increase in earnings per share, to 16 cents, a penny ahead of estimates according to First Call.(see more) Microsoft, due to report Thursday, is expected to report a 12 percent increase in quarterly revenue, and a 6 percent increase in earnings per share, to 46 cents. | ||
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