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Technology Stocks : Intel Corporation (INTC)

INTC 45.51

+10.7%

Jan 9 9:30 AM EST

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To: jmac who wrote (10313)	2/6/1997 3:24:00 PM
From: Mephisto	of 186894

Thanks jmac. I think all the hype about Intel's ability to maintain strong growth is silly. Follows is a comment by Andy Grove: Monday February 3 4:49 AM EST Intel Corp sees no slow down in growth DAVOS, Switzerland, Feb 3 (Reuter) - Intel Corp chief executive Andy Grove said he saw reason to expect a slow-down in growth for the semiconductor industry or his company, the world's biggest computer chip maker. "Our growth basically depends on the growth of the industry," Grove told a news conference at the World Economic Forum in Davos. "The growth of the industry has...for many years been in the high teens (as a percentage) and I really see no reason in the long-term or the near-term for that number to be different," Grove said. Intel last month reported that fourth quarter profits more than doubled to $1.9 billion, beating Wall Street estimates and marking the seventh year in a row of record revenues and earnings. Grove declined to give any more detailed forecast for 1997 when asked by reporters.

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