European shares totted up fresh three-year highs on Friday as techs benefitted from Intel Corp raising its guidance while the crude price boosted oil majors. Chipmaker Infineon added 4.9 percent and Philips 2 percent after Intel, the world's largest chip maker, increased forecasts for the second quarter because of strong demand for its Centrino notebook computer chips, Reuters reported. STMicroelectronics rose 3.1 percent in early trade but had halved its gain in mid-day trade. By 1030 GMT, the FTSEurofirst 300 index was 0.66 percent higher at 1,131.6 points, around its highest level since June 2002, while the DJ Stoxx 50 index of pan European blue chips had risen 0.8 percent to 3,147.9. On a generally quiet day, investors moved bourses forward after U.S. Federal Reserve chairman Alan Greenspan steadied nerves on Thursday with upbeat comments on the economy and a commitment to interest rate rises. The dollar held close to last week's nine-month high against the euro, staying firm after Greenspan's remarks while any news from a meeting of G8 finance ministers in London over the next two days is not expected to move markets substantially. --More 1405 Local Time 1105 GMT
