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

To: L. Adam Latham who wrote (87403)	8/30/1999 12:46:00 AM
From: Process Boy	Respond to of 186894

Adam and all - IDF this week, and comments from Brookwood, via Bloomberg quote.bloomberg.com ''Clearly, we'll have a lot to say about Merced,'' Gelsinger said. PB ====================================================================== Top Financial News Mon, 30 Aug 1999, 12:39am EDT Intel to Outline Plans for New Memory Technology, Merced Chip at Forum By Molly Williams Intel to Discuss Rambus, New Chips at Conference This Week Santa Clara, California, Aug. 29 (Bloomberg) -- Intel Corp., the world's largest computer-chip maker, will outline plans for using new memory technology and unveil details about its new Merced chip and network processors at a conference this week. Chief Executive Craig Barrett will kick off the Intel Developers Forum Tuesday in Palm Springs, California. Other executives scheduled to speak include Mark Christensen, head of Intel's networking group, Patrick Gelsinger of the business products group and John Miner, head of the server business. Intel will gather with more than 2,000 hardware and software developers to talk about new technologies, challenges for the personal-computer industry and its plans for new products. ''They are going to be firing on all cylinders,'' said analyst Nathan Brookwood of Insight 64, a research firm in Saratoga, California. The Intel Developer's Forum is a semiannual gathering that started in 1997. Intel shares rose 3.8 percent last week to close at 83 on Friday. The stock has risen 39 percent this year. Barrett is expected to talk about how Intel will benefit from the growth of commerce on the Internet, while Christensen will discuss the spate of acquisitions Intel has made in the networking market and the company's plans for those businesses. Intel completed its $2.73 billion acquisition of Level One Communications Inc. earlier this month. Showcase Intel's Future Gelsinger said he'll showcase Intel's view of future technologies, new designs for PCs and other equipment, and how those will make the Internet easier and more useful for home and corporate users. Several computer makers are expected to unveil plans to start selling PCs that are much smaller and more efficient than today's models. ''We'll give a pretty comprehensive view of what the business and home will look like in the not-too-distant future,'' Gelsinger said. Last month, Intel acknowledged that it was considering alternatives to the Rambus Inc. technology it had been supporting for speeding up the performance of memory chips. Intel said it's evaluating PC-133, which competes with Rambus, and analysts expect the company to talk further about those plans. Speeding memory-chip performance is important because as processors become faster, memory products need to keep up. Intel had been supporting only the Rambus technology, which is more expensive than the alternatives. Rambus shares tumbled 13 percent the day Intel said it would evaluate other technologies. ''The whole memory industry is waiting on the edge of its chair for what Intel will do,'' Brookwood said. Stopgap Measure Analysts expect Intel to support some competing standards as a stopgap measure until Rambus's technology is supported by more memory makers and is less expensive. Intel also is expected to give an update on the forthcoming Merced processor, its first 64-bit chip, due in mid-2000. Merced is designed to run the most powerful computers and will compete with products from International Business Machines corp., Sun Microsystems Inc. and Compaq Computer Corp. Gelsinger said Intel will show tools for developers and offer technical details and training. Software developers also will show off their operating systems for Merced. ''Clearly, we'll have a lot to say about Merced,'' Gelsinger said. The company also may discuss its plans for network processors, the chips that direct data in big switches from one network to another. Intel said in April it planned to get into this market, putting it in competition with Lucent Technologies Inc. Intel wants to get its chips, already found in more than 85 percent of new PCs, into the machines that route data around the Internet, a potentially huge business as more companies link to the Web and as the need for faster data transmission increases. Companies like No. 1 networking equipment maker Cisco Systems Inc. use such chips in their products. ''They are going to try to slice a piece of that business for themselves,'' said Brookwood.