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

To: Elmer who wrote (108265)	8/24/2000 7:21:47 PM
From: Jim McMannis	Read Replies (2) \| Respond to of 186894

Elmer... From a Q&A with Andy Grove... www6.tomshardware.com Either Intel has sold all it's shares in ZDNN and CNET or they aren't showing up at the site you gave... "Good afternoon, Dr. Grove. Sir, Intel still owns over 403,910 shares of CNET stock as of March 31, 2000, and CNET has recently announced its move to acquire ZDNN. Together this means that Intel transitively has a financial stake in two of the largest computer technology media outlets on the Internet. This investment cannot possibly represent a significant revenue source for your company, but at the same time this investment clouds the objectivity of CNET and ZDNN in the eyes of many readers. Why is your company investing in media companies that specialize in reviewing your products when it outwardly seems like the only advantage is for your company to have a level of control on the information that these media outlets disseminate?" Dr. Grove replied that Intel's initial investment into CNET was intended to seed the Internet with a computer technology news and review site at a time when the World Wide Web was relatively young. Having now successfully established CNET, Intel has undergone the process of divesting its CNET holdings. This process must be done slowly so as to not undermine the financial strength of the media company. Dr. Grove continued that if given the opportunity to make such an investment move today, Intel would not likely chose to do so since it would provide no "strategic significance." " Jim