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

To: Elmer who wrote (93517)	12/7/1999 7:53:00 PM
From: Road Walker	Respond to of 186894

FYI: 08:22 AM ET 12/07/99 Intel strategic investments rise in 1999 BOMBAY, Dec 7 (Reuters) - Global strategic investments of Intel Corp., the world's biggest computer chip maker, has risen to over $1 billion in 1999 from over $800 million last year, a company official said on Tuesday. "Last year we invested over $800 million worldwide. This year we have passed the $1.0 billion mark," Leslie Vadasz, Intel's senior vice president and director, Corporate Business Development, told a news conference. He said Intel's investment portfolio comprised over 300 companies in over 15 countries, which were valued at nearly $5.O billion. In 1999, over a third of the investments in dollars and numbers terms is outside the United States compared to less than five percent in 1998, he said. The Intel official said the Asia-Pacific region has already seen more than 20 investments in 1999 compared to six last year. In India, where Intel has made strategic investments in seven firms so far, Vadasz said it was too early to judge their performance but some like Internet content provider Rediff on the Net were functioning well. "It is early to tell but I'm pretty positive and I think that we will see some major successes. I think that Rediff is living up to our early expectations being a very important portal," he said. ((Bombay equities, +91 22 265-9000, +91 22 264-1699, anantraman.muralikumar@reuters.com))