Embattled Intel says earnings better than expected

San Francisco (AFP) – Intel said Thursday that earnings topped prior expectations, as the computer chip giant faces pressure to come up with bold ways to fend off fierce competition and an activist shareholder. Intel said it took in $20 billion in revenue during the final quarter of last year, little changed from a year earlier, amid robust sales of personal computers. The Silicon Valley company reported net income of $5.9 billion in the quarter, down a billion dollars from the same period a year earlier. Intel said that its board approved an increased cash dividend of $1.39 per share in what …

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