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

To: Haim Barad who wrote (99583)	2/21/2000 11:04:00 AM
From: L. Adam Latham	Read Replies (1) \| Respond to of 186894

Haim and all: Another Intel investment. Adam cnnfn.com Siemens prices chip IPO $5.9B Infineon flotation to be Germany's biggest since Deutsche Telekom February 21, 2000: 9:27 a.m. ET LONDON (CNNfn) - Electronic and electrical equipment company Siemens said Monday it would offer shares of Infineon, its computer chip unit, at between 29 euros and 35 euros next month in an initial public offering expected to raise as much as 6 billion euros ($5.9 billion). It would be Germany's biggest IPO since the 10 billion euro flotation of Deutsche Telekom in 1996. Infineon also said U.S. chip maker Intel Corp. agreed to buy $250 million worth of Infineon shares in a private placement, sealing an accord for the two companies to work together on producing DRAM memory chips. Siemens said it will initially offer 26 percent of Infineon, as expected, with the option to increase the sale to 29 percent if demand calls for it. The offer price implies a valuation of about 23 billion euros for the entire chip unit, which had sales of 4.24 billion euros in its fiscal year ended Sept. 30, 1999. Investors have until March 10 to subscribe for Infineon shares, and Siemens will announce the final sale price on March 12, with shares trading starting the following day in Frankfurt and New York. Analysts expect demand for Infineon to be high. Shares of Epcos, the electronic components unit that Siemens sold in an IPO last October, have risen more than fourfold to 144 euros from an offer price of 31 euros. Epcos shares this month became a member of Germany's blue chip DAX 30 index as telecom and engineering company Mannesmann dropped out following its purchase by Vodafone AirTouch. Infineon is recovering from losses triggered by tumbling semiconductor prices in the late 1990s that forced Siemens to wind down its state-of-the-art computer chip plant in the northeast of England at the cost of thousands of jobs. Semiconductor prices are now rising. Infineon swung to a profit of 245 million euros before tax and interest payments in the first quarter of its current fiscal year, from a loss of 100 million euros a year earlier. Sales soared more than 70 percent for the quarter, buoyed by rising demand for memory chips and a successful conversion from 16-megabit to 64-megabit chips. The planned flotation of Infineon was first announced in late 1998 as part of a broad restructuring at Siemens. However, the Munich-based parent company Monday denied a report in the Financial Times Deutschland that it was planning a further, far-reaching shake-up to focus on just businesses of information technology, communications equipment and industrial components. "A further radical restructuring of the group is not on the agenda," Siemens said. Goldman Sachs, which is managing the Infineon share sale, said there are no plans for Siemens to sell more shares in the chipmaker this year. -- from staff and wire reports

To: Haim Barad who wrote (99583)	2/21/2000 1:43:00 PM
From: Saturn V	Read Replies (1) \| Respond to of 186894

Ref- Vtune You are right that VTune and the Intel compiler are different products. But I frequently confuse them since they are sold together in one bundled package. Do you have any comments on what compiler developments were discussed at the IDF ? Any discussion on automatic vectorisation of floating point operations into SIMD instructions ? All the disclosures in the Willamette Developers manual have been viewed in a negative light by the Web sites ? Any comments on that ? Regards.