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MONDAY, NOVEMBER 23, 2009
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 MARKET OPEN 
3

Stocks Soar on Intel Earnings

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(Newser) – Tech stocks soared at the open today, taking major indexes with them, after a strong quarter and upbeat outlook from Intel, the Wall Street Journal reports. The Dow rose 100 points, while the Nasdaq added 30 points and the S&P 11.45 points. Intel was up 7.5% pre-market. “Clearly, Intel is seeing a firming up in demand," said one analyst. “It's encouraging news for the industry.”

Traders Ben Willis, center, and Peter Tuchman work on the floor of the New York Stock Exchange Tuesday, June 30, 2009.
Traders Ben Willis, center, and Peter Tuchman work on the floor of the New York Stock Exchange Tuesday, June 30, 2009.   (AP Photo/Richard Drew)
Traders work on the floor of the New York Stock Exchange Wednesday, June 10, 2009.
Traders work on the floor of the New York Stock Exchange Wednesday, June 10, 2009.   (AP Photo/Richard Drew)
Trader Anthony Riccio works on the floor of the New York Stock Exchange Thursday, May 14, 2009.
Trader Anthony Riccio works on the floor of the New York Stock Exchange Thursday, May 14, 2009.   (AP Photo/Richard Drew)
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3 comments
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2-bits
Jul 15, 09 10:34 AM CDT
Hardly surprising. Intel's Core 2, i7 and Atom processors have been mopping the floor with the competition in price / performance and just performance overall. I wonder if the new breed of ARM processor Linux netbooks will change the landscape? Intel and Microsoft's fortunes seem intertwined... Reply
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Cegorach
Jul 15, 09 1:10 PM CDT
Maybe if price/performance is a ratio, then yes intel beats out the competitors. But since Intel's chips work better than those of AMD at the same clock speed, the AMD procs are cheaper
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Todd_English
Jul 15, 09 12:52 PM CDT
Darnit! I was gonna buy stock in Intel! Oh well I bought a house instead....getting that $8,000 check will be nice. Reply
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