Intel outlook defies worries of PC decline

Intel Corp forecast quarterly revenue above Wall Street's expectations, defying concerns that the growing popularity of tablets and a shaky economy are eating into demand for personal computers. Intel shares moved sharply higher after the company beat earnings expectations and said developing countries like China are fueling demand and helping make up for slower growth in the United States and Europe. Intel's processors are used in 80 percent of the world's PCs but the company has failed to gain traction in increasingly popular mobile gadgets like Apple Inc's iPad and Google Inc's Android smartphones. Click here for full story