Intel Corp. has provided some insight into the state of global PC demand, telling Wall Street that while technology spending may be slumping, the chip maker fully expects its profits to hold steady.
The Santa Clara, California-based company, the world's largest maker of PC microprocessors, said Tuesday that its third-quarter profit rose 12 percent, beating analysts' estimates by a penny per share.
The increase was driven in large part by technological advances that lower Intel's cost of making each chip, which helps the company wring out more profits even in tough economic times.
Sales, in fact, rose just 1 percent, helped by a 20 percent jump in …
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