Intel says worst is over for battered PC industry

By Noel Randewich SAN FRANCISCO (Reuters) – Intel Corp believes the worst is over for a personal computer industry hammered by the mobile revolution. Investors have pushed shares of PC mainstays Microsoft Corp and Intel to decade-highs, partly on bets that the global slump in PC demand that began with Apple Inc’s launch of the iPad four years ago is hitting bottom. “PCs have stabilized,” Chief Financial Officer Stacy Smith told Reuters after Intel’s report. Intel now expects the market’s recovery to help it grow its full-year revenue about 5 percent, slightly higher than prior expectations.

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