<-OT->Intel Sees Better Second Half, 'Very Different' Company Ahead
Say Scott,
I thought things were pretty dismal at Intel at least according to some schmuck who downgraded Intel a a few weeks ago,oh well it is not the first time now is it?
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Bloomberg News
June 29, 1999, 12:57 a.m. PT
Paris, June 29 -- Intel Corp., the world's biggest computer chipmaker, expects a better second half compared with the first and expects the semiconductor market to improve from last year, Chief Executive Craig Barrett told French financial newspaper Les Echos in an interview. Intel will be a very different company in a few years as it plans to take part in the development of the Internet economy -- Intel has widened its activity to services, thanks to LevelOne and is planning other acquisitions that should generate several billion dollars in sales within a few years. Intel, which has stakes in about 250 companies, has a strategy of buying assets to gain access to a technology that directly influences or complements its product line, Barrett said.
Intel said Monday it will invest $48 million in an Internet server center in London to establish its first electronic-commerce hub outside the U.S.
(Courtsey:Les Echos 15 6/29; www.lesechos.fr-via Bloomberg) |
