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Technology Stocks : Seagate Technology - Fundamentals

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To: Robert Douglas who wrote (285)	12/4/1998 12:24:00 PM
From: Robert Douglas	Read Replies (1) of 1989

Thread, From “Business Week”, Dec. 7 issue. “Who says Intel's chips are down?” In early November, during his annual trip to China, Intel Corp. Chief Executive Craig R. Barrett attended an Intel-sponsored computer street fair in the city of Chengdu – one of the marketing programs the chipmaker uses to push personal computers where retail outlets are still in short supply. More than 100,000 people showed up, cleaning out the mom-and –pop computer makers who hawked stacks of home-built Pentium II PCs on creaking sidewalk stands. Many buyers lugged their computers home lashed to the backs of bicycles. Even Barrett, who coolly presides over Intel's 426 billion chip empire, says he was “truly amazed.” Equally amazing: Those eager buyers weren't snapping up bargain machines made with Intel's inexpensive Celeron chip. Instead, they were clamoring for PCs built on the more powerful, and profitable, Pentium II. Hummm. Maybe the reign of the sub $1,000 PC is not assured. I'm just guessing that there were disk-drives in those PCs as well. <g> Robert

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