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SANTA CLARA, Calif.-The chip business is looking good for Intel Corp. again as the bellwether raised its revenue guidance for the first quarter to between $9.2 billion and $9.4 billion, up from between $8.8 billion and $9.4 billion.
This impressed J.P. Morgan. “Although Intel raised guidance, we believe estimates could be raised again due to extended lead times and continued share gains in flash memory,” said J.P. Morgan.
