Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 35.94

-5.1%

Nov 13 3:59 PM EST

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To: Paul Engel who wrote (80590)	5/7/1999 5:44:00 PM
From: Process Boy	Read Replies (2) of 186894

Paul - " Mark Christensen, vice president and general manager of Intel's Network Communications Group, said the company hopes to grow this business by 30 percent a year. Intel's $2.2 billion acquisition of Level One will give it a head start on that target. Level One is a leading supplier of of T1/E1, xDSL, and related LAN/WAN chips." I like the sound of this. With certain folks all worried about "less than 30% growth" in it's traditional MPU business, this ought to help the overall bottom line, if Intel can pull it off. My friend over in NPG is still all gung-ho on this business. They mood inside is very optimistic that Intel can be a "one stop shop", like Feabus was quoted as saying in the article. Good news Paul!! PB

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