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Wintel rides ahead on earnings news

Technology giants Microsoft and Intel release earnings reports that soundly beat analysts' expecations.


  latest developments 

Technology industry giants Microsoft and Intel didn't disappoint investors today with earnings that soundly beat Wall Street expectations. Intel reported record revenue of $8.3 billion, while Windows 2000 helped drive Microsoft's sales.


Microsoft shares vacillate on earnings
update The company's stock zips up then retreats in after-hours trading after it beats analysts' expectations by 2 cents.

Intel skates past estimates on booming chip demand
update Despite major product shortages and intensified competition, Intel beat expectations in the second quarter by reporting record revenue of $8.3 billion and earnings per share of 50 cents, excluding extraordinary events.

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