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Intel 2nd-Quarter Profit Doubles

Thursday, July 15th, 2004
by Matt Hartley

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Intel announces that their 2nd-Quarter Profits have doubled. This sudden success has been attributed to a flash memory chip commonly used in cell phones and other portable devices.

Still, even with this success under their belt, Intel’s stock has been sinking a bit for this year. The reasons for this are not being blamed on the supply and demand side of the coin. No, rather the fact that chip prices are falling too quickly for Intel to see much of a profit from them.

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