Intel targets double-digit sales growth

Intel Corp, the world's largest chip maker, on Thursday forecast 2005 sales to grow 10 percent or more, in line with analyst expectations, according to presentation materials made available at the company's spring analyst meeting. The forecast calling for "a 3rd straight year of double-digit growth" was to be made during a presentation by Intel President Paul Otellini at the event. Wall Street had been expecting 2005 sales of $38 billion, up 11 percent from $34.2 billion in 2004, according to a poll of analysts by Reuters Estimates.