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Technology Stocks : Intel Corporation (INTC)
INTC 42.20+4.2%10:45 AM EST
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To: greg s who wrote (127998)2/21/2001 3:22:09 PM
From: Paul Engel  Read Replies (1) of 186894
 
greg - Re: "So, there was a brief period of hiring (mostly engineers and technical MBA's), then another lean period in the mid-80's where everyone took a reduced salary (which Intel paid back, in the end). These were tough times, the Japanese memory firms were killing us. There was lots of talk about them dumping memory at prices below cost, etc. This was, in the words of Andy Grove, a strategic inflection point. Born of this period of turmoil was the recreated Intel, then focused on the microprocessor as it's motive force."

Good summary.

Contrast the bleak outlook for Intel back then - and the seemingly invincible "Japan, Inc." at that time - to now where Intel is the largest semiconductor maker by a long shot - and Japan, Inc. is still largely a memory maker with HUGE competition from Korea, Taiwan and Micron (US).

Paul
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