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Technology Stocks : Intel Corporation (INTC)

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Dec 5 9:30 AM EST

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To: Paul Engel who wrote (128480)	2/28/2001 12:10:49 AM
From: Paul Engel	Read Replies (1) of 186894

Intel Investors - Craig Barrett at least is out there trying to put a positive spin on things: Barrett says Intel expects 10% hike in MPU sales By Jack Robertson, EBN Feb 27, 2001 (1:30 PM) URL: ebnews.com SAN JOSE -- Intel Corp. president Craig Barrett told the Intel Developers Forum Tuesday that despite the current PC industry downturn his firm "is operating under internal guidance" that its microprocessor and chipset sales will increase about 10 percent this year. He also said Intel didn't expect the slower momentum in the communications market would prevent the firm from achieving 30-to-40% growth in its networking and communication chip segments. Barrett stuck to Intel's previously-announced plans to invest $7.5 billion in capex this year, in contrast to one Wall Street report that the firm was planning to scale back that figure. He also reiterated that Intel planned to spend $4.3 billion on R&D this year. He said about 80% of the R&D budget would continue to be devoted to the microprocessor-based Intel Architecture group, about the same portion that MPUs represented in Intel's total sales. Barrett said Intel planned to invest about $1 billion in 2001 in other firms as part of Intel Capital, the same level as last year. He said Intel was grouping all its product mix under four architectures. The mainstream processors will comprise an IA32 architecture, led by Pentium 4. The firm's communication and Internet access products will become the Personal Internet Client architecture. Networking chips will form the Internet Exchange architecture, and the Server architecture will cover 32-bit Xeon and 64-bit Itanium families. Paul Otellini, executive vice president and general manager of the Intel Architecture group, claimed that the new 64-bit McKinley version will be several times faster in performance than the initial Itanium chip. He said an "entirely new (chip) platform will be introduced" after McKinley with the next generation Infiniband I/O an integral feature. This is expected to be the 64-bit chip code-named Madison, to be produced on Intel's new 0.13-micron process.

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