Good morning Margaret,
It seems to me that as a shareholder Intel would better serve its investors by addressing the important issues like what plans does it have in the future to make computers which use its chips more advantageous over its competition. Instead Intel discusses the salary and bonus package of its chief Ceo. I thought this was a little arrogant and foolish of them yesterday. Maybe intel needs a better public relations and press coordinator
Have a nice Tuesday
Frank
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* Piper Jaffray said it initiated coverage of ADVANCED MICRO
DEVICES INC with a buy rating and a 12-month price target of $40.
Among points in report said, "We have been able to confirm that
IBM is indeed injecting capital into the company and plans to use
AMD as an instrument in its last stand against INTEL CORP."
(Reuters 11:00 AM ET 04/06/98)
* NATIONAL SEMICONDUCTOR CORP said it will put an entire PC system
on a single chip by mid-1999, a move that should dramatically
lower the cost of PCs for manufacturers and consumers. The single
chip would replace the 12 or more separate chips typically found
in a PC today and expand the entry-level market for PCs. National
said its PC on a chip is being built around microprocessor cores
developed by Cyrix, the processor company it acquired in November.
National plans to make the chips at its new wafer fabrication
facility in Maine on 0.25-micron process technology that can be
further scaled down to 0.18 micron. National said it is defining
versions of the chip for major PC and information appliance
makers.(Reuters 08:07 AM ET 04/06/98)
* INTEL CORP gave CEO Andy Grove a compensation package worth over
$3 million in 1997, a proxy statement said. Grove's base salary
last year was $465,000 and his bonus was $2,790,400, both slight
increases from 1996, when they were $425,000 and $2,578,300,
respectively. In 1995, Grove's salary totalled $400,000 and he
received a $2,356,700 bonus. The company also announced in the
proxy filed with the SEC that it had granted Grove options to
purchase 72,000 shares of Intel stock at an exercise price of
$69.69, expiring April 22, 2007. They are first exercisable in
2002. (Reuters 10:56 AM ET 04/06/98)
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