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In brief: Intel expects profit to buck downward semiconductor trend

By Lisa Burroughes

Published: 11 September 1998 12:21 BST

Intel has announced it expects to make a third quarter profit at a time when many semiconductor groups are experiencing severe losses. The chip giant expects revenue to be up by 10 per cent on second quarter revenue of $5.9bn.

Meanwhile, National Semiconductor has announced losses of $104.8m, or 63 cents per share, for the quarter ending 30 Aug 1998. However, this is an improvement on analysts' predictions of a 65 cents per share loss.

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