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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: saju chacko who wrote (51736)3/31/1998 7:34:00 PM
From: John Hull  Read Replies (3) of 186894
 
Saju, Dr. Grove didn't "step down", he's chairman of the company and is following a succession precedent set by Robert Noyce, who handed off CEO title to Gordon Moore, who handed it off to Andy Grove, who is handing it off to Craig Barrett.

You might note that each of the three CEOs in intel's history served roughly ten years in that position before moving to chairman and making room for the next CEO to rise up.

Grove stated bluntly that his health was not at issue. Your profile says you're 22 years old, so I'll assume (perhaps incorrectly) that you're familiar with Andy's bout with prostate cancer back in 1995. If you question his vitality, I suggest you try working for him. I've been as "straight forward" as can be, if you had been paying attention, you would know that.

As for Gersh and McMannis - you've established a new low for yourselves.

Regards,
John Hull
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