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Technology Stocks : Intel Corporation (INTC)
INTC 35.53-1.1%Nov 14 9:30 AM EST

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To: Jim McMannis who wrote (51642)3/31/1998 3:27:00 PM
From: P.T.Burnem  Read Replies (1) of 186894
 
They took the L2 off to save money

Celeron is crippleware. They disabled the cache to have an excuse to discount some of the 266MHz chips. Perhaps they make more 266MHz chips then they can sell.

A quick fix to the crumbling top line. Lots of bad press. Angry customers swearing at "Intel Inside". Zero savings.



CAVITE, Philippines, March 31 (Reuters) - Semiconductor giant Intel Corp is struggling to revive growth after facing more than a year of stagnant revenues, company president Craig Barrett said on Tuesday.

"The biggest issue that we face right now is getting back on the growth track," Barrett told a news conference.

"We have been flat in revenue for the past 15 to 18 months. We need to continue to focus on micro-processors and find new users and uses for personal computers. We also need to grow in other businesses in and around computers."

Barrett, speaking at the inauguration of an Intel assembly and test plant in the Philippines, listed electronic commerce, graphics chips, digital imaging and flash memory chips as potential growth areas.

Faced with collapsing personal computer and chip prices, the world's largest chip maker said earlier this month it expected first quarter revenues to drop 10 percent below the previous quarter, when Intel reported a net income of $1.7 billion.

Barrett said revenue had been stagnant at about $6.2 billion over the past five quarters. "Whether we're seeing a seasonal slowdown this quarter or saturation...I don't think anyone for certain knows," he said.

Barrett, due to succeed Andrew Grove as the firm's chief executive in May, said sales had fallen in Asian countries such as Thailand and South Korea, but were growing rapidly in China and India.

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