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

To: Tenchusatsu who wrote (108796)	8/28/2000 10:10:00 PM
From: Felix Appolonia	Read Replies (2) \| Respond to of 186894

Ten,According to this, the company viewed the problem as being "immaterial" to its quarterly revenue numbers. They will fix the problem without any drastic move down in the stock. After Hours: Post-market trading Intel holds gains after chip recall By Chris Kraeuter, CBS.MarketWatch.com Last Update: 9:17 PM ET Aug 28, 2000 NewsWatch Latest headlines NEW YORK (CBS.MW) -- Intel shares were active but steady during Monday's after-hours session following the company's announcement that it will recall one of its chips. Also active in the late session were Optelecom, CopyTele, PlanetRx and ESoft. Intel (INTC: news, msgs) shares were flat after closing up 15/16 to 73 7/8. Shares hit an intraday 52-week high of 75 13/16, but were unable to hold those levels after news of the recall began to circulate. Intel confirmed Monday that it found a defect in its Pentium III processor running at 1.13 gigahertz, which began shipping July 31. The bug has to do with a circuit in the processor that will need to be changed. Intel spokesman Michael Sullivan said the company has shipped a very small number of the processors, which are in limited production, and called the problem "immaterial" to its quarterly revenue numbers. Sullivan added that it could take a couple of months to rectify the situation.

To: Tenchusatsu who wrote (108796)	8/28/2000 10:10:21 PM
From: tejek	Read Replies (2) \| Respond to of 186894

Ted, <Is there any reaction within the company?> Oh yes, I could tell you what my reaction was when I first heard the news, but I don't think it would be prudent to post it publicly. >:-{ I could also guess what Albert Yu's reaction might have been, but then again, he doesn't have much hair left on his head to pull out. Ten, Given past misfires, have there been any changes implemented within the company to prevent such problems in the future? I will understand if you can not respond to that type of question. It seems to me that this kind of stuff has got to be real frustrating. With something as technologically advanced and complex like a chip, so many things can go wrong....it amazes that there are not more problems. ted