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SAN JOSE, Calif.-Intel Corp.’s stock jumped on the company’s announcement that it narrowed its sales estimates for the second quarter owing to improved demand.
The company, which serves as the bellwether of semiconductor companies, said it expects revenues to stand between $6.6 billion and $6.8 billion, compared with $6.4 billion and $7 billion, as previously predicted.
The chip maker has staked its claim on its Centrino platform for which it has devoted considerable advertising resources.
