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Technology Stocks : Intel Corporation (INTC)

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Feb 6 3:59 PM EST

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To: Paul Engel who wrote (81023)	5/17/1999 9:27:00 AM
From: Diamond Jim	of 186894

News May 17, 08:49 Eastern Time INTEL TO STOP SHIPMENT OF PENTIUM II MICROPROCESSOR NEW DELHI, May 17, 1999 (Asia Pulse via COMTEX) -- The US microchip major, Intel Corporation will stop the shipment of its Pentium II (P-II) microprocessor in six months from now to further accelerate Pentium-III, the latest version into the mainstream market. "The Pentium-II (P-II) will give way to its next generation processors and we will stop the shipment of P-II in another six months from now," Intel Corporation South Asia director Atul Vijaykar told the Press Trust of India. He said the new generation Pentium III processor would change the entire spectrum of information technology and had already captured a 10 per cent market share. Intel was targeting to corner 50 per cent of the market by the end of this year, he added. "The initial response of P-III is tremendous. It is about 93 per cent faster than its P-II version and the much advanced versions of P-III will soon hit the market," he said. Intel has already stopped shipment of its older version of micron chips following the success of later versions, including the P-II, Xeon and Celeron processors. The South Asia chief said the agenda before the company was to promote electronic commerce (E-commerce) by acting as a consultant and catalyst. "The rapid emergence of e-business and the growth of the internet and intranet-based computing are expanding the role of personal computer and the need of security in net transactions. Intel will play its role effectively and efficiently," he said.

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