Intel 1Q sales, sunny guidance surprise Wall Street

(AP) -- Investors knew Intel Corp.'s profits would fall sharply in the first quarter because memory-chip prices had slid. What surprised Wall Street was how well the chip maker's core business in microprocessors held up.

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<p><a href="http://www.physorg.com/news127499789.html">Intel 1Q sales, sunny guidance surprise Wall Street</a></p> <p>(AP) -- Investors knew Intel Corp.'s profits would fall sharply in the first quarter because memory-chip prices had slid. What surprised Wall Street was how well the chip maker's core business in microprocessors held up.</p>