Intel Corporation posted another stellar quarter, beating earnings estimates with a profit of $2.1 billion for the period ending December 31. Its sales were a record $7.6 billion, a 17% improvement from the same quarter a year before.

"Intel achieved its twelfth consecutive year of revenue growth in spite of the challenges of a turbulent market in 1998," said Intel CEO Craig Barrett. "During the fourth quarter we achieved record revenue in the Americas, Europe and Asia-Pacific."

Intel's yearly totals were staggering: profits of $6.1 billion on sales of $26.3 billion, a 5% jump from 1997