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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Diamond Jim who wrote (84095)	6/22/1999 10:03:00 AM
From: Diamond Jim	Respond to of 186894

Intel tips UK as Europe's e-commerce hub LONDON, June 22 (Reuters) - U.S. computer chip giant Intel Corp. said on Tuesday Britain could become Europe's hub for the exploding electronic commerce market by capitalising on its advanced technology and status as a major financial centre. ''The UK has a unique opportunity to profit and show leadership in the Internet economy,'' Intel Chief Executive Craig Barrett told a CEO conference on technology. ''By taking advantage of its high international bandwidth capability, the UK can act as the European gateway for international transactions and exchanges over the Internet.'' Barrett cited industry estimates showing the e-commerce market for home shopping, banking and other services in western Europe will balloon to $223 billion in 2002 from $19 billion this year. Meanwhile, the U.S. e-commerce market will rise to $843 billion -- making up an estimated 10 percent of the country's gross domestic product -- compared to $109 billion in 1999. biz.yahoo.com