THE RESULTS: Intel says net income was down 4.3 percent from last year, but ahead of Wall Street expectations. Revenue rose 3.6 percent.
THE WARNING: The company says the weak global economy is slowing its growth, and revenue for the current quarter is likely to come in below Wall Street forecasts.
THE SIGNIFICANCE: Intel chips go into about 80 percent of personal computers and into vast numbers of servers as well, making it a bellwether for spending on computers.