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Intel forecast boosts tech sector hopes

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Intel forecast boosts tech sector hopes

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A stellar forecast for quarterly sales and profits by Intel has reinforced hopes that the technology sector’s recovery is accelerating.

Experts say the world’s biggest microchip maker has benefited from pent-up demand as customers have delayed upgrading servers and other equipment because of the downturn.

Intel’s forecast for current-quarter revenue is around 7.5 billion euros.