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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic -- Ignore unavailable to you. Want to Upgrade?

To: Tecinvestor who wrote (24617)	10/28/1999 6:35:00 PM
From: Sonny McWilliams	Read Replies (2) \| Respond to of 27012

Tec. Right. Dell is up and let's not forget Intel. You know that there is still this target price of 90 out there. Now all we need is another day like today tomorrow and all our blues from the last cpl of months will be forgotten. gg. But the bears are already trying to talk the markets down. Maybe profit taking is all they will get if the market stalls a bit after a big day like today. Sonny

To: Tecinvestor who wrote (24617)	10/28/1999 9:00:00 PM
From: puborectalis	Respond to of 27012

SAN FRANCISCO, Oct. 28 (Reuters) - Intel Corp. executives said Thursday in a meeting with analysts that they expect the "little to no" impact on its business, from customers slowing down purchases to deal with the Y2K computing problem. "We see little or no impact, based on a careful study of business conditions, backlog and inventory," said Sean Maloney, Intel's senior vice president, sales and marketing, reiterating Intel's views about Y2K that were initially made on its third quarter conference call earlier this month. He also said that the chip giant is seeing strong demand across all elements of its business, and that supply will be tight for the company's just-released new Pentium III chips. "We expect supply (corrects word) to be tight but that overall we will meet commitments to our customers," Maloney said. On Wednesday, a Salomon Smith Barney analyst cut earnings estimates on Intel, in part due to concerns that Intel will not be able to meet demand for its new processors, formerly code-named Coppermine. Maloney also said that the company believes that PC prices are currently stabilizing, due to a tightening in supply of components such as memory chips. "Over the last two years, there has been a steep decline (in PC prices)," Maloney said. "What we are seeing is a tightening of components, that appears to be halting the decline of PC prices. It looks as if PC prices have stabilized after a fairly lengthy decline." Intel also pointed out that in the low-cost or value segment of PCs costing under $1,000, it has continued to gain market share from an initial slow start with its low-cost Celeron processor. "Intel's market segment was under 30 percent," said Paul Otellini, executive vice president, Intel Architecture Group. "In the intervening six or seven months, we have doubled and have 60 percent of the sub-$1,000 market." Otellini also laid out product plans for the company and reiterated its previous comments that it would have a Pentium III processor running at speeds of 800 megahertz in the first half of 2000 and a one gigahertz processor (1,000 megahertz), currently code-named Willamette, in the second half of 2000. Otellini also disclosed a new processor in development, code-named Timna, targeted to low-end PCs, which will integrate all functions onto a single chip. "This is our first product that is a single chip PC," Otellini said, adding that it would be for very small form factor designs. Timna will be released in the second half of 2000, but no other details were disclosed. For mobile products, Otellini said Intel plans Pentium III processors running at 700 megahertz in the first half of 2000 and 750 megahertz in the second half of 2000. Otellini also said that Intel's new 0.18 micron manufacturing process technology, combined with the new packaging that eliminates the costly cartridge in its new Pentium III family will save Intel in manufacturing costs. He estimated a 20 percent decrease in Celeron processor unit cost and a 50 percent decrease in Pentium III processor unit cost. Craig Barrett, Intel's president and chief executive, said that Intel will continue to expand its efforts to become the building block supplier of the Internet economy by making acquisitions in the fast-growing networking and communications sectors, but he was not more specific. "We have been doing about one acquisition a month," Barrett said, of Intel's hefty acquisition appetite this year. "As we go forward, and I'm not making any projections here, but I do anticipate that we will do acquisitions in this networking and communications space.