Intel 1Q sales, sunny guidance surprise Wall Street

April 15, 2008 By JORDAN ROBERTSON, AP Technology Writer Intel 1Q sales, sunny guidance surprise Wall Street (AP)

Intel Corp. CEO Paul Otellini holds up a 12-inch Penryn wafer with hundreds of individual silicon chips at Intel headquarters in Santa Clara, Calif., Wednesday, Nov. 7, 2007. Leading semiconductor maker Intel Corp. reports earnings for the first quarter after the closing bell Tuesday. (AP Photo/Paul Sakuma)

(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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