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Intel Signals the Return of the PC Along With Higher Margins


The PC may be back, at least according to the latest comments from computer chip maker Intel. The company posted profits of $0.55 a share, that was better than forecasts. Sales for the quarter climbed to $14 billion. Intel's management gave optimistic guidance for the remainder of 2014. CFO Stacy Smith said, "We're moving into tablets, we're moving into more mobile PCs, we're moving into thinner, lighter form factors. That's where the market's going and that's where the company's going." Stacy Rasgon, Senior Analyst at Sanford Bernstein believes Intel's optimistic targets are realistic. TheStreet's Julia Sun reports from New York.