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Technology Stocks : Intel Corporation (INTC)

INTC 40.34

-2.6%

Dec 8 3:59 PM EST

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To: Raymond Thomas who started this subject	3/6/2001 5:34:25 PM
From: andreas_wonisch	of 186894

Intel's Grove Doesn't See Rapid Snap-Back PC Demand dailynews.yahoo.com SAN FRANCISCO (Reuters) - Intel Corp.'s (NasdaqNM:INTC - news) Chairman Andrew Grove said on Tuesday he does not expect end- demand for semiconductors to snap back rapidly, noting it will take some time for the downturn in the chip industry to end. ``I don't expect the end demand to snap back,'' Grove said on a conference call and Webcast hosted by Lehman Bros. and its semiconductor and PC-company analyst Dan Niles. ``We are in this state for some period of time.'' Grove was not more specific. Andreas

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