Analysts see Intel meeting expectations as market shows signs of stability Monday March 9, 2009, 3:23 pm EDT
NEW YORK (AP) -- Intel Corp. shares rose Monday after analysts said the company was likely to meet expectations for the first quarter, since the computer market appears to have bottomed earlier this year.
The chip maker's stock gained 16 cents to $12.57 in afternoon trading, after advancing as much as 4.8 percent to $13 earlier in the session.
Citigroup analyst Glen Yeung said checks in Asia indicated that sales hit bottom in January and February, and notebook makers expect sales to increase in the second quarter.
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