The London Stock Exchange started brightly this morning as better-than-expected quarterly results from chipmaker Intel boosted US exchanges after-hours yesterday.
Published: 17 January 2001 09:30 GMT
In early trading, the FTSE 100 index was up 51.40 points, or one per cent, to 6,135 points. The TechMARK index of leading technology stocks also rose 1.1 per cent on opening.
Computacenter was an early winner, with its share price rising 3.85 per cent to trade at 405p.
The Nasdaq closed down 0.3 per cent yesterday, but Intel's after-hours results brought its share price up over four per cent. Markets have reacted positively to its results despite the fact it only just beat expectations - already lowered by a December profit warning - and warned of more trouble ahead. It said sales would be down 15 per cent in the next quarter.
Intel is one of a number of companies, including Apple, Gateway and HP, that have suffered recently by being closely tied into the flagging PC market.
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