INTC.......
Posted a new alltime high today, closing at $146 11/16.
Current Market Cap = $491 billion, ahead of Cisco, and closing in on GE ($516 billion).
By the end of this year, Intel will have launched the Pentium IV.
As Intel branches out beyond PC microprocessors, it is already the world's largest manufacturer of Flash Memory, and is penetrating networking, wireless telecommunications, and server markets; these markets are all in the midst of tornadoes. As its forays into these areas succeed, its profits should soar even higher, and the growth in these areas will likely be rewarded by Mr. Market with a higher P/E related share price.
BTW, Intel splits 2:1 at the end of this month. <g>
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biz.yahoo.com
"INTEL INVESTMENT BOOM
Intel (NasdaqNM:INTC - news) has announced investment in new factories of nearly eight billion dollars, much more than needed for the transition to the Pentium 4 microprocessor from Pentium 3.
Piper Jaffray analyst Ashok Kumar said recently he expected most of the new capacity to be used for non-PC devices, such as mobile phones. Intel is already the world's largest flash memory producer.
``The company is putting together all of the pieces to form the core of a third generation mobile phone'', Kumar said. Intel stood to grab 40 percent of mobile phone market chips in a few years time, he noted.
``This is certainly threatening European manufacturers,'' said De Graaf of ING Barings. ``Other manufacturers will take much longer to make any transition into mobile silicon."
Apollo |
