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Technology Stocks : Intel Corporation (INTC)
INTC 45.07-17.0%Jan 23 9:30 AM EST
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To: Paul Engel who wrote (80464)5/6/1999 8:55:00 AM
From: John F. Dowd  Read Replies (1) of 186894
 
Dear Paul I guess this excerpt grom Mr. Kavanaughs posting shows how these new ventures on the part of INTC are quickly being adopted by INTC's customers i.e. DELL as demonstrated by the article posted the other day.

HONG KONG (Dow Jones)--Craig Barrett,
"If you look at Intel over the past decade it has grown at around 30% per
year," Barrett says in an interview. "We're not going to grow at 35% or more -
we're just too big." He says the company isn't abandoning its core business of
making processors, which contributes about 80% of revenues and nearly 100% of
profits. Instead, it's going to develop new or recently acquired operations
centred on the Internet. "We intend to provide the building blocks for the
Internet," says Barrett.
Intel plans to develop three new areas: manufacture of communications-network
equipment, provision of Internet services and creation of "server farms," a
network of high-capacity data-storage facilities.

Regards,

John
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