Up on Earnings Intel (INTC) - Get Report was up 7.5% in after-hours Instinet trading. After the close the chip giant posted first-quarter earnings of 16 cents per share, above the Thomson Financial/First Call estimate of 15 cents but down from 43 cents a year earlier.

Intel said second-quarter sales would be down about 20% from the same period last year. But the company forecast a "seasonally strong" second half.