To: Mr. Big who wrote (64890 ) 10/6/1999 5:17:00 PM From: puborectalis Respond to of 120523
Intel is a must for the longterm....future is bright....Intel's Barrett hails e-commerce 'All business is going e-business,' he says By Steve Gelsi, CBS MarketWatch Last Update: 12:19 PM ET Oct 6, 1999 Also: NewsWatch NEW YORK (CBS.MW) -- Intel Chief Executive Craig Barrett hailed the growth of e-commerce, wireless computing devices and Web servers at Fall Internet World on Wednesday. Today on CBS MarketWatch Net stocks lead rally AT&T's Hindery hits the road Net stocks are banking on Yahoo's results IPOs: Breakaway Solutions set to lead the pack Yahoo sets pace for Net stocks More top stories... CBS MarketWatch Columns Updated: 10/6/99 2:58:36 PM ET The Intel (INTC: news, msgs) exec said the chip giant is quickly becoming an e-commerce player itself, with about $1 billion a month in online sales since it opened its online store last year. Intel, he said, plans to move its roughly $30 billion in sales to the Web by next year. E-tail's winners Barrett cited Dell (DELL: news, msgs), Amazon.com (AMZN: news, msgs) and electronics and entertainment dealer 800.com as success stories in the e-commerce space. Barrett cited the growth of hand-held computers such as 3Com's (COMS: news, msgs) Palm series and wireless phones with Web hookups as a good trend for Intel. "It's wonderful we have more appliances," Barrett told about 1,000 Internet pros at the Jacob Javits Convention Center in Manhattan. "Basically, there's good stuff going on here." Such e-commerce and connectivity will lead to huge growth in the Internet infrastructure. Less than 4 percent of estimated Web server demand for the year 2005 is currently deployed, he said. Demand to grow Barrett said he sees the demand for Web servers increasing by about 20 times in the next couple of years. He also demonstrated the chipmaker's new 64-bit Itanium processor, which he said will be available in about nine months. The technology allows for more realistic graphics, manipulation of items while shopping and greater processing capabilities. In a mock Web site for a travel service, Intel deployed other bells and whistles, such as customer support done through a live video connection streamed over the Web, and graphics showing the location of resorts on an island in Hawaii. "All business is going e-business," he said. "Competition is only a mouse click away." Steve Gelsi is a reporter for CBS MarketWatch.