Intel beats analysts' forecasts for Q2

Global chip-maker Intel last night reported better-than-expected results for the second quarter to the end of June in what will be seen as a positive signal for the PC industry and the prospects of global recovery.

The company, which is one of the biggest employers in Ireland, reported second-quarter revenue of $8bn (€5.7bn), down 15% from the same period 2008. but well in excess of analysts' forecasts averaging $7.27bn (€5.17bn).