Intel creeps higher in the premarket on possible deal (INTC)

Posted in General 
June 23rd, 2009

Intel Corp. (Nasdaq: INTC) shares are up less than 2% in average premarket trading volume, although it remains a stock to watch. According to Bloomberg, Intel will announce today that it plans to sell processors to Nokia Corp. (NYSE: NOK) to use in mobile devices offered by the leading cell phone maker. Financial details were not provided. The expected announcement is on the heels of an Intel contract in February to provide chips for No. 3 phone-maker LG Electronics.  — Mike Tarsala

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