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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: Gottfried who wrote (31191)6/29/1999 12:43:00 PM
From: Proud_Infidel  Read Replies (1) | Respond to of 70976
 
Since INTC is a proxy for the chip industry, thought this may be of interest:

Intel Sees Better Second Half, 'Very Different' Company
Ahead


Bloomberg News
June 29, 1999, 12:57 a.m. PT

Paris, June 29 (Bloomberg) -- Intel Corp., the world's
biggest computer chipmaker, expects a better second half compared
with the first and expects the semiconductor market to improve
from last year, Chief Executive Craig Barrett told French
financial newspaper Les Echos in an interview. Intel will be a
very different company in a few years as it plans to take part in
the development of the Internet economy -- Intel has widened its
activity to services, thanks to LevelOne and is planning other
acquisitions that should generate several billion dollars in
sales within a few years. Intel, which has stakes in about 250
companies, has a strategy of buying assets to gain access to a
technology that directly influences or complements its product
line, Barrett said.

Intel said Monday it will invest $48 million in an Internet
server center in London to establish its first electronic-
commerce hub outside the U.S.