SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Intel Corporation (INTC)
INTC 35.53-1.1%Nov 14 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tenchusatsu who wrote (108796)8/28/2000 10:10:00 PM
From: Felix Appolonia  Read Replies (2) of 186894
 
Ten,According to this, the company viewed the problem as
being "immaterial" to its quarterly revenue numbers. They will fix the problem without any drastic move down in the stock.

After Hours: Post-market trading
Intel holds gains after chip recall

By Chris Kraeuter, CBS.MarketWatch.com
Last Update: 9:17 PM ET Aug 28, 2000
NewsWatch
Latest headlines

NEW YORK (CBS.MW) -- Intel shares were active but steady during
Monday's after-hours session following the company's announcement that
it will recall one of its chips.

Also active in the late session were Optelecom,
CopyTele, PlanetRx and ESoft.

Intel (INTC: news, msgs) shares were flat after
closing up 15/16 to 73 7/8.

Shares hit an intraday 52-week high of 75 13/16,
but were unable to hold those levels after news of
the recall began to circulate.

Intel confirmed Monday that it found a defect in its
Pentium III processor running at 1.13 gigahertz,
which began shipping July 31.

The bug has to do with a circuit in the processor
that will need to be changed. Intel spokesman
Michael Sullivan said the company has shipped a
very small number of the processors, which are in
limited production, and called the problem
"immaterial" to its quarterly revenue numbers.

Sullivan added that it could take a couple of months
to rectify the situation.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News