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To: Ed Forrest who wrote (142474)	9/21/1999 12:34:00 PM
From: Ed Forrest	Read Replies (2) \| Respond to of 176387

Question: Is the market now in or entering a corrective phase? Dow 10,653.88 -170.02 NASDAQ 2,848.59 -37.56 S&P 1,315.61 -19.92 30-Yr Bond 100.28 Yield: -0.41 6.100

To: Ed Forrest who wrote (142474)	9/21/1999 3:14:00 PM
From: Boplicity	Read Replies (1) \| Respond to of 176387

Intel Sees Mobile Phones, Palmtop Sales Rising With E-Commerce London, Sept. 21 (Bloomberg) -- Intel Corp., the world's top chipmaker, said demand for cellular phones and palmtop computers will rise as they start to provide Internet-based commercial services. Europe, which has a head start on North America in the use of digital mobile phones, will lead the market for mobile Internet access, Chairman Andy Grove said. The move will fuel demand for chips that use less power, such as those designed by Arm Holdings Plc. Intel licenses ARM's designs for the StrongARM embedded processor used in cellular phones and personal digital assistants -- handheld computers that have features such as word processing and address keeping. It is looking to grow in the market for these devices as margins for its personal computer chips fall due to competition. Mobile devices are seen increasing in popularity as they start to provide Internet services such as e-mail, news, downloading of music and information about business services. ''The growth of mobile phones is adjunct to the basic use of e-commerce,'' said Grove. ''I'm very optimistic about the growth of digital phones.'' Analysts predict there will be more than 700 million new mobile phone users in the next five years. Handheld computer shipments will reach 21 million units in 2003 from 3.9 million in 1998, according to market researcher Dataquest Inc. Cambridge, England-based ARM licenses its technology to companies such as Lucent Technologies Inc., 3Com Corp. and Intel. ''We see it as a building block for low-power consumption applications,'' said Grove. ''It (ARM technology) is in our armory for portable electronics -- digital phones being one of them, PDA-style devices being another.'' In Demand ARM's chip designs are used by Symbian Ltd., a venture by the world's top three mobile phone makers Nokia Oyj, Ericsson AB and Motorola Inc. along with U.K. palmtop computer maker Psion Plc to make the next generation of cellular phones and PDAs. Its designs are in demand for its RISC technology, or reduced instruction set computer, that allows microprocessors to work faster by using fewer instructions. RISC chips also use fewer transistors, making them cheaper to design and produce. Santa Clara, California-based Intel has been cutting prices and unveiling speedier chips as it looks to compete with companies such as Advanced Micro Devices Inc. for PC chips. ARM's shares rose 21.5 pence, or 2.38 percent, to 924.5p. Intel's shares fell as much as 1 13/16, or 2.16 percent, to 82 1/4. Sep/21/1999 11:52