Revenues inch upward as Otellini declares the sales plunge has finally bottomed out. Tech industry insiders had been looking to Intel, the world's largest chipmaker, for a sign that the worst of the downturn may be past. They aren't likely to be disappointed. Intel (NASDAQ: INTC) today reported first quarter net income of $647 million and earnings per share (EPS) of 11 cents on revenue of $7.1 billion. That revenue was slightly…
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eBay's new dispute resolution process may anger sellers over refund reimbursement clause. eBay today announced it will take a more active role in resolving transaction disputes between buyers and sellers and start directing buyers to eBay directly, rather than sending complaints to PayPal, the company's online payment unit. The news comes during a time when eBay is currently shifting its marketplace focus from online auctions to more fixed-price sales, in attempt to keep pace with rival Amazon (NASDAQ: AMZN), and recently opened up a new seller system called Large Merchant Services for high-volume catalog sellers.…
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Intel sees a bottom in PC sales, but it's the rest of the stock market that benefits. The stock market rebounded on Wednesday, but chip stocks were left behind on a mixed outlook from Intel (NASDAQ: INTC). Intel shares slumped 2.4% after the company called a bottom in the PC market but issued a cautious outlook for the second quarter.…
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