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Politics : Formerly About Applied Materials

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To: StanX Long who wrote (62043)	3/14/2002 12:30:04 AM
From: StanX Long	Read Replies (1) of 70976

Intel Discloses U.S. Operations Lost $350 Million Last Year By Miles Weiss 03/13 17:26 quote.bloomberg.com Washington, March 13 (Bloomberg) -- Intel Corp. disclosed that its U.S. operations recorded a $350 million loss last year, with all the company's income before taxes coming from overseas. The world's largest semiconductor manufacturer, Intel had reported that income before taxes last year totaled $2.18 billion. An annual report filed with the Securities and Exchange Commission today disclosed that the figure included the loss at home and non- U.S. earnings of $2.53 billion. During last year's fourth quarter, Santa Clara, California- based Intel also derived a larger percentage of sales from the Asia-Pacific region than the U.S. for the first time, said Intel spokesman Tom Beermann. That reflects the growing importance of overseas markets for Intel and its customers who manufacture personal computers. ``Growth has slowed pretty dramatically in the U.S. for PCs, but it continues to be much healthier in developing countries, like Eastern Europe, China, India and South America,'' said Eric Rothdeutsch, an analyst at Robertson Stephens.

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