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

To: Jim McMannis who wrote (105677)	7/14/2000 6:50:00 PM
From: Tony Viola	Read Replies (2) \| Respond to of 186894

Jim, thread, Kumar is being Kumar again, about Intel this time, that is: INTEL INVESTMENT BOOM Intel (NasdaqNM:INTC - news) has announced investment in new factories of nearly eight billion dollars, much more than needed for the transition to the Pentium 4 microprocessor from Pentium 3. Piper Jaffray analyst Ashok Kumar said recently he expected most of the new capacity to be used for non-PC devices, such as mobile phones. Intel is already the world's largest flash memory producer. ``The company is putting together all of the pieces to form the core of a third generation mobile phone'', Kumar said. Intel stood to grab 40 percent of mobile phone market chips in a few years time, he noted. biz.yahoo.com Might help justify the new P/E range if he's anywhere near right. Would they be CDMA, anyone know? Tony