Intel CEO Paul Otellini says the company's revenue and net income per share should see a percentage increase in the low double digits over the next few years because of rising demand for its chips in personal computers and other gadgets.
On both measures, Intel Corp.'s numbers have declined over the past two years as business spending on PCs and computer servers collapsed amid the recession. However, strong buying by bargain-hunting consumers has helped lift Intel's fortunes in recent quarters.
Otellini told investors and financial analysts at a conference at Intel's Silicon Valley headquarters that the forecast proves that PCs are "still a growth industry."
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