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Technology Stocks : Ascend Communications (ASND)
ASND 205.50-1.5%Dec 5 9:30 AM EST

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To: sepku who wrote (35158)2/17/1998 9:03:00 PM
From: Glenn D. Rudolph  Read Replies (1) of 61433
 
Intel CEO reveals sub-$1,000 chip strategy

Reuters Story - February 17, 1998 20:33
%ELI %ENT %US %CORA %JP INTC V%REUTER P%RTR

SAN JOSE, Calif., Feb 17 (Reuters) - Intel Corp chairman
and chief executive Andrew Grove revealed his company's
strategy for the exploding sub-$1,000 PC market and showed its
new processor under development, code-named "Covington."
Grove, speaking at an Intel Developers Forum, said the
first iteration of the new processor will use the same P6
architecture in Intel's Pentium II line, with less costly
packaging. He also said Intel will shortly launch a new brand
name for this product line to distinguish it from its
higher-end product family, aimed at different market segments.
He reiterated that the chip will ship in mid-1998.
"We are aggressively moving the Intel architecture into the
entry level, which we call basic computing," Grove said in a
statement.
The first version of Covington will also not include level
two (L2) cache, which stores the information and the order in
which the processor performs its executions. But the later
versions of the chip, which will be delivered in the second
half of 1998, will have L2 cache integrated in the processor.
Grove demonstrated Covington at a forum of about 1,000
hardware developers, designers and engineers of Intel-based
products, running an education program called Body Works.
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