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Can Intel Hit Its 10-Year High?

Intel (INTC) reports earnings after the closing bell on Wednesday, and the company looks to be on the verge of a big recovery. This quarter could be the catalyst for Intel shares to surpass their 10-year high.

Last week IDC/Gartner said second-quarter PC unit sales came in better than forecast. Worldwide PC shipments were down 4.5% year over year vs. its previous forecast of a drop of 7.5%. PC units declined 12.5% in the first quarter.

Because last year was so terrible, PC unit comparisons get easier each quarter this year. For example...