Great expectations for Intel, Apple

This week's earnings reports speak volumes about the market as Apple is set to tout its first annual profit since 1995 and Intel and Compaq thrive.

Apple's profits roll on The company will announce its first profitable year since 1995, but many analysts question how long the momentum will last. Compaq weathering transition With the PC glut behind it and the Digital assimilation under way, the computer maker's fortunes are looking up. Intel thrives, LSI looks to layoffs A good news/bad news scenario will likely play itself out this week in earnings announcements from semiconductor companies.