Bullish Intel Ups Capital Spending

Intel said that it generated 413 million US dollars from sales of its Atom microarchitecture, which is designed for mobile devices, in the second quarter, 16% more than in the first quarter thanks to "strong sales of its next generation dual-core" Atom processors. Intel said it now expects capital spending to be 5.2 billion US dollars in 2010, compared with its earlier forecast of 4.8 billion and 4.5 billion in 2009. source: Intel statement