Intel Results

Intel is announcing better than expected numbers in the third quarter. The company a 19 percent increase in sales for the quarter, to $8.7 billion from last year's $7.3 billion, and a jump in income from $1.9 billion in the third quarter last year to $2.9 billion this year. Intel's performance for the quarter was something of a surprise following a September profit warning that sent the company's shares down as much as 22 percent. Intel plans to continue its revenue growth by introducing more aggressive pricing strategies.