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Intel 2Q profit jump reflects healthy PC demand

SAN FRANCISCO - Worried that the ailing U.S. economy has spilled abroad and hurt global PC sales, investors had subdued expectations for Intel Corp. in the second quarter. Intel is the world's largest computer chip maker, and its fortunes rise and fall with swings in PC demand. The Santa Clara-based company responded Tuesday with a 25 percent jump in profit and record sales in the quarter, fueled by strong sales of processors for laptop computers. The results easily beat analysts' expectations and reassured Wall Street that Intel is weathering the dreary domestic economy thanks to its broad international reach, a robust product lineup, and a manufacturing advantage over smaller rival Advanced Micro Devices Inc. that lowers Intel's cost of making chips. Intel Chief Executive Officer Paul Otellini said demand for Intel's chips remains strong "in all segments and all parts of the globe." Three-quarters of Intel's business is outside the U.S. Intel shares rose...
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