SAN FRANCISCO: Intel Corp, the world’s largest maker of microprocessors, has posted fourth-quarter earnings that were almost double those a year earlier as revenues outpaced expectations on sales of higher-priced chips.
Nonetheless, the company said it planned to cut capital expenses in 2003 more deeply than Wall Street had expected and cautioned that revenue in the 1st quarter of its current fiscal year would be lower, reflecting a typical seasonal slowdown.
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