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MOUNTAIN VIEW, CA -- Intel's chief executive yesterday said emerging markets and the quest for productivity will mitigate US drops in PC demand.

"The core markets that we serve today are strong and continue to grow," Paul Otellini told shareholders at a scheduled meeting. Intel has a "more robust view of the market than we had a year ago," he said, Bloomberg News  reported.

Intel owns a more than 70% share of the global market for PC microprocessors.

The appetite for PCs is rising in developing countries as incomes climb, Otellini said, according to Bloomberg.
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