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Technology Stocks : Intel Corporation (INTC)
INTC 38.43+0.7%3:59 PM EST

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To: Amy J who wrote (83884)6/18/1999 9:45:00 PM
From: Paul Engel  Read Replies (3) of 186894
 
Amy & Intel Investors - Intel's Streak of Bad Luck Continues

International trade group slaps tariff on Intel chips

Paul

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International trade group slaps tariff on Intel chips

By Mark Hachman, Electronic Buyers' News
Jun 18, 1999 (12:46 PM)
URL: ebnews.com

An international organization has apparently convinced Korean executives to increase the import tariff on some of Intel Corp.'s microprocessors. A spokesman for Santa Clara, Calif.-based Intel confirmed online reports that the Worldwide Customs Organization has imposed an additional 4% to 5% tariff on Intel's Pentium II and Pentium III microprocessor modules, reclassifying them as components rather than chips.

The tariff does not involve Intel's socketed processors. The spokesman said he thought the tariff applied only to North Korea, but he wasn't sure. The tariff would affect PC OEMs that export components to Korea for assembly.

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