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

To: Road Walker who wrote (104691)	6/21/2000 11:58:00 AM
From: John Hull	Read Replies (2) \| Respond to of 186894

John, yes, I'm listening. Intel Capital is not obliged to find a new home for that $2.3B and it would be hard to do so. Last year (1999), Intel Capital invested about $1.2B in new deals. With respect to having these gains receive credit with the investment community, I think you'll gradually see us get credit for hitting the amounts we project in the outlook section of our earnings releases ($750M in the most recent quarter). The street rewards consistency and predictability. I wouldn't expect the analysts to smile upon our investment gains if they are erratic and fail to meet with the expectations we set for the investment community. Of course, its always better to be erratic to the upside than the downside. Getting credit for this earnings stream will take time. But, if you're really paying attention you'll notice that the Intel investment program is a very strategically linked program. We not only make money from these but they benefit our core businesses by building ecosystems of companies that grow and augment the markets we sell into. So, the returns we realize here are more than just "blind trust" type of financial returns. They are tightly coupled with our overall business and represent earnings that probably should be considered "real". Only time will tell if this is so. regards, jh