Updating INTEL CORP., XEROX CORP. and SARA LEE CORP.

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INTEL CORP. $23 (Nasdaq symbol INTC; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 5.3 billion; Market cap: $121.9 billion; Price-to-sales ratio: 2.6; Dividend yield: 3.7%; TSINetwork Rating: Above Average; www.intel.com) has raised its quarterly dividend by 15.9%, to $0.21 a share from $0.18125. The new annual rate of $0.84 yields 3.7%. This is the second time Intel has raised its payout in the last six months. Meanwhile, Intel is focusing on developing new chips for mobile devices, like tablet computers. That will help it offset slowing personal computer sales. As well, demand for its chips for server computers is rising as more people use mobile devices to access the Internet. Intel expects revenue from chips for servers and storage devices to more than double in the next five years, to $20 billion from $8.7 billion in 2010. It reported overall revenue of $43.6 billion in 2010. Intel is a buy. XEROX CORP. $10 (New York symbol XRX; Conservative Growth Portfolio, Manufacturing &..