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Intel Loses Steam, Falling 3% in Late Afternoon

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Chipmaking giant Intel (INTC) - Get Intel Corporation (INTC) Report was down 3% in late trading as an earlier rally fizzled. The company traded as high as $33.06 despite what some several analysts said was a disappointing fourth-quarter earnings report. Other chip stocks also lost ground to profit-taking, but remained generally higher. The Philadelphia Semiconductor Index was up 5.8% after jumping as much as 10% earlier.

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