MICROPROCESSOR giant Intel Corp, which has is European headquarters at Leixlip, Co Kildare, has provided an unexpected boost to the technology sector, telling investors that revenues for the third quarter would be better than previously forecast.

In a statement issued after the market closed on Monday, Intel said revenues for the three months to September were expected to be about 5 per cent higher than its second-quarter revenues of $4.62 billion, rather than flat with that quarter as it once. expected.

In a statement issued after the market closed on Monday, Intel said revenues for the three months to September were expected to be about 5 per cent higher than its second-quarter revenues of $4.62 billion, rather than flat with that quarter as it once expected.

Analysts predicted the positive outlook for Intel, which provides the microprocessors for about 80 per cent of the personal computers sold in the world, would lift other technology stocks today.