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Technology Stocks : Intel Corporation (INTC)

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To: Paul Engel who wrote (65104)	9/21/1998 6:27:00 PM
From: Badger	Read Replies (1) of 186894

Utah knows what's good for it. It took the state Industrial Assistance Fund (IAF) less than 24 hours to approve a $5 million grant to Intel to build the site here. One board member called it 'a complete no-brainer.' Intel bought an option on 140 acres several months ago, and everything I've heard about it since has been very positive. In fact, talk around here was that we wouldn't be moving until early 2000, but an article in the SL Tribune the other day quoted an Intel spokesperson as saying the first building "should be done in mid-1999." Apparently, the plan is to build at least three buildings to start out with and top out at eight. Cool. It'd be nice to have a cafeteria. We're in leased buildings right now. Andy (That's 'Mr. Grove' to the rest of you. We're all on a first-name basis here :) ) is visiting Utah on Oct. 14. Maybe he's just stopping by to say 'hi', but I'm guessin' it would be a great opportunity to announce the new Intel site in Riverton. Newspaper speculation on why the state would give Intel $5 million was that Intel will bring 5,000 - 8,000 jobs to Utah in the next 20 years, that according to some government report. BTW the state is already committed to giving $2.8 million to Micron once they open their finished (but currently mothballed) fab in Lehi. My opinion (no insider info here, I'm just a grunt) is that it's a done deal except for a few signatures and they'll break ground in a few months. That'd be great. Knock 20 minutes off my daily commute. Happy hunting! Badger

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