"The Internet build-out is just starting," he said.
Soon, you'll be able to order groceries over the internet, books for less than cost, take care of your government business, B2B, B2C, B2G, download songs for free, watch movies, these are all in the future of the internet. -g-
Intel's CEO is 'looking beyond the turbulence' amid IC downturn
Semiconductor Business News
(10/30/01 21:05 p.m. EST)
SANTA CLARA, Calif. -- Craig Barrett, president and CEO of Intel Corp., here today acknowledged that it has been a tough year in the semiconductor business, but the chip executive is now "looking beyond the turbulence."
During a Web cast event today, Barrett indicated the current semiconductor downturn is two times worse than that of 1985--which, until now, was considered the IC industry's worst year.
"This is the biggest slowdown that the industry has ever seen," Barrett declared during the Web cast. "There are a number of turbulent things going on in the market today," he said.
The Intel executive projected that the PC-based chip market would fall by 25% in 2001 over 2000, while the communications IC business is projected to decline by 30%.
But still, Intel is looking "beyond the turbulence" he said. "The current turbulence that we're seeing today are not that different than we've seen before."
Long term, Intel is bullish, especially in the wireless, wireline, and, of course, PCs. "The Internet build-out is just starting," he said.
The Intel executive also said the company's customer base is expanding into some new and emerging regions, such as Eastern Europe, Latin America, and others. |
