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

To: Elmer who wrote (103585)	5/23/2000 8:53:00 AM
From: Road Walker	Respond to of 186894

Tuesday May 23 6:34 AM ET Intel Says Chip-Making to Lead Other Businesses MANILA, Philippines (Reuters) - Intel Corp. (NasdaqNM:INTC - news) of the United States said on Tuesday its core business of computer chip making will remain its main revenue earner in the coming years despite rapid growth in networking, communications and service businesses. ``Five years down the road I think our core business today, which is the micro-processor chips, will still be the biggest part of our business,'' Intel Corp's president and chief executive officer Craig Barrett told a news conference in Manila. ``Our core business (chip making) is growing by a 10 percent rate in terms of revenue on an annual basis, these other businesses are growing at 50 percent or more,'' he said, but added the chip business comprised more than half of revenue. Intel, the world's largest computer chip maker, posted revenue of $29.4 billion in 1999, up from $26.3 billion in 1998. Speak your mind Discuss this story with other people. [Start a Conversation] (Requires Yahoo! Messenger) Barrett said Intel was working with other companies to develop firewall technologies to secure computers from virus attacks similar to the so-called ``I LOVE YOU'' virus, that originated from the Philippines, and its strains that caused millions of computers to crash around the world. ``We will lobby with other people that all countries ought to have strong laws to counter cyber terrorism or cyber crimes,'' he said. Barrett, who is on a regional tour, said he could not put a number to the cost Intel would incur on replacing circuit boards with defective chipsets reported early this month. He said the number the Intel 820 chipsets that have the defective memory translator hub was ``fractional''. ``The number of defective devices is very small and even then we don't know how many of them would be replaced,'' he said. Intel last week revised its first quarter earnings per share by a penny and lowered its sales by $28 million after disclosing the initial financial hit it would take for circuit boards found to have the defective chipset. Barrett also said Intel, which has operations in the Philippines, was not worried over a recent spate of bombings in the country's capital Manila and renewed rebellion by Muslim separatists in the south that has hit sentiment in the local markets. ``We have been operating in the Philippines for 27 years and I have been coming here for about 24 years. Today's situation pales in comparison to the volatile situations that the Philippines has been through, so don't even worry about it,'' he said. Intel shares closed unchanged on Monday at $118 3/8.

To: Elmer who wrote (103585)	5/23/2000 9:25:00 AM
From: Road Walker	Read Replies (1) \| Respond to of 186894

Elmer, Maybe not so far ahead? Tuesday May 23, 3:41 am Eastern Time Fujitsu to build $1.3 bln flash memory plant (UPDATE: Adds background) TOKYO, May 23 (Reuters) - Japan's largest computer maker Fujitsu Ltd said on Tuesday it will spend 140 billion yen ($1.31 billion) to build a new plant to produce flash memories at its joint venture with U.S. chipmaker Advanced Micro Devices Inc (NYSE:AMD - news). Construction work on the new plant at their venture in Aizu Wakamatsu in northern Japan will start in August, aiming to produce 13 million units per month by the end of the business year that starts next April 1, it said. By the end of the following year it aims to be producing at a rate of 52 million units per month. The project is to meet rising demand for flash memories, particularly for use in cell phones and other electronics products including portable digital cameras and handheld computers. Fujitsu's decision came one day after Intel Corp (NasdaqNM:INTC - news), the world's largest computer chip maker, said it had sold its billionth flash memory chip since it introduced the first one in 1988 and planned to increase manufacture of the devices, aiming to sell a billion more of the chips over the next two years. The Semiconductor Industry Association reported in its annual review and forecast that flash memories was the fastest growing sector of the world's semiconductor industry in 1999. Intel rival AMD is the second-largest maker of flash memory chips, with about 15 percent of the market. Intel has an estimated 25 percent share. Reflecting a booming market for flash memories, other Japanese manufacturers such as Hitachi Ltd and Toshiba Corp also plan to boost flash memory production. Fujitsu's shares ended Tokyo trade up 45 yen or 1.52 percent at 3,000 yen. ($1 equals 107.24 Yen)