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Technology Stocks : Intel Corporation (INTC)

INTC 37.57

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12:28 PM EST

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To: Paul Engel who wrote (91751)	11/5/1999 9:29:00 AM
From: greenspirit	of 186894

Paul and thread, Article..Intel says expects record quarter in Q4 November 5, 1999 BEIJING, Reuters [WN]: Intel expects a record quarter in the last three months of this year and Taiwan's massive earthquake last month was unlikely to have any impact, chief executive officer Craig Barrett said on Thursday. "We don't see any impact of the Taiwan earthquake on our fourth quarter results and we're expecting a record quarter," he told a news conference. "Our core microprocessor business is alive and well. We shipped record volumes in the fourth quarter and it's still growing," Barrett said. "And I want to supplement our growth in opportunities around the Internet economy," he added in reference to e-commerce. Intel reported worse-than-expected third quarter results in October, with a 21-percent rise in net income to $1.9 billion excluding acquisition costs on revenues of $7.3 billion, which were up nine percent.

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