The nicest thing about the internet is it makes obsolete the ability to control misinformation- and manipulate stocks. Really glad we have had SI during the recent HG crony campaign. This type of scam has probably worked for them for years-not anymore. They actually look kind of stupid, poorly informed and too obvious. Maybe they don't have much time left for their games?
Found this on INTC from yest.........
Wednesday October 27, 4:56 pm Eastern Time
Intel pursues aggressive Internet strategy
By Gillian Handyside
PARIS, Oct 27 (Reuters) - Intel said on Wednesday that while microprocessors would continue to provide most of its revenue, it was aggressively investing in communications networks and Internet services to profit from the explosion in e-commerce.
''Personal computer hardware will remain at the centre of our development strategy and will continue for a long time to be our main source of revenue,'' Gilles Granier, Intel director general for Western Europe, told a news briefing.
''But we are adding new activities to respond to the demand of the Internet economy,'' he said.
The world's leading chip maker said it saw huge growth potential in the market for computer network servers, as more and more businesses started operating via the WorldWide Web.
''We expect there will be 20 times more servers installed by 2005. Only five percent of servers in the world can cope with the demands of the Internet,'' Granier said.
''We expect to deliver tens of millions of units every year. We've never seen anything like it,'' Granier added.
He declined to forecast the impact on earnings of Intel's server business, which absorbs an increasing share of the company's R&D budget -- set at $3.1 billion for 1999.
On October 12 Intel posted third quarter earnings of 55 cents per share, two cents below the consensus estimate excluding acquisition costs.
Intel -- which on Tuesday became the first Nasdaq high tech stock to enter the Dow Jones industrial average, alongside Microsoft -- has just unveiled 15 new Pentium processors in a bid to regain its position as the maker of the world's fastest microprocessors from rival Advanced Micro Devices.
INTERNET INVESTMENTS
But it is also currently making on average 10 Net-related partnerships and one acquisition per month, in areas ranging from computer speech technology to online sales of French wines.
New e-commerce sites, including one in Britain, would be announced before the end of the year.
Granier said Intel had the cash to pursue this strategy, expected to make ''an exponential contribution to turnover,'' because of its ''much appreciated'' past financial performance.
Two weeks ago Intel bought U.S. Internet consulting firm Proxicom, the latest in a string of investments in some 300 firms since 1997 which have cost around $4.8 billion.
Its list of telecoms acquisitions this year includes the planned $1.6 billion buy of wireless chipmaker DSP Communications, the $780 million purchase of Dialogic, the $3.5 billion acquisition of Level One Communications and the $180 million takeover of Shiva.
TELECOMS TECHNOLOGY
Granier said high-speed cellular technology was emerging as the preferred method of connecting to the Internet, given the convergence of the voice- and data-transmission industries.
And the fact that Europe was ahead of the United States in developing cellular technology, thanks to the adoption of the GSM standard for mobile phones, meant the continent would continue to be the main focus of Intel's expansion plans.
Intel plans to invest $500 million worldwide in 1999, of which a third will be in Europe, Granier said, adding: ''Europe could become the driving force behind the development of the Internet society.''
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