Intel Fourth-Quarter Net Income $2.3 Billion, Up 875%

**Broken Arrow** · 01-14-2010, 12:25 PM

OMG, the day went well for them, and the aftermarket just shot up even more.

I don't know about the entire year, but it's a good sign this quarter for anyone long in the tech sector (which is you!)

**feh** · 01-15-2010, 08:32 AM

I've heard several reports that tech will lead the way out of the recession. Nasdaq killed the Dow and S&P 500 last year.

**Broken Arrow** · 01-15-2010, 11:45 AM

I heard China will do so, but yeah, tech could do it for the domestic market. Hopefully, or at least this quarter....

Today wasn't exactly a good news day. JP Morgan's earnings report was less than stellar, and it really sagged intra-day trading today. Everybody had high hopes that it could keep on riding, but perhaps not for financials.

Intel also gave up most of the gains it made on its earnings report today, and lost some in the process.

Intel Fourth-Quarter Net Income $2.3 Billion, Up 875%