Daily Business News
Tuesday, October 17, 2006
  Intel 3rd-qtr profit falls; sees price war ending (Reuters)

An Intel employee in an undated photo. The company on Tuesday posted a third-quarter profit that fell by more than a third from a year earlier as the world's biggest chipmaker felt the impact of price cuts and an inventory write-off. (Handout/Reuters)Reuters - Intel Corp. on Tuesday posted a 35 percent decline in quarterly profit due to price cuts but indicated its bruising price war with Advanced Micro Devices Inc. was coming to an end and its shares rose 2 percent.


 
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