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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: im a survivor who wrote (3587)	9/25/2000 11:34:19 AM
From: T L Comiskey	Respond to of 65232

Monday September 25, 11:29 am Eastern Time Intel says warning won't hurt E.Europe plan BUDAPEST, Sept 25 (Reuters) - Intel (NasdaqNM:INTC - news) said on Monday it was still investigating investment opportunities in Eastern Europe despite a revenue warning issued by the chip maker last week. ``I don't think you'll see any change of strategy in Europe or in eastern Europe,'' Juergen Thiel, Intel's Regional Manager for central and eastern Europe, told a news conference. Last week the world's biggest chip maker issued a sales warning, its first in more than two years, sending its stock plunging and pulling down the sector. The stock rebounded on Monday, rising to above $48 in New York by 1511 GMT. ``It (the sales warning) is not going to influence investment operations in any way,'' said Marcin Hejka, Strategic Investments Manager for eastern Europe at Intel Capital, the investment arm of Intel. Hejka said the company was looking at investment opportunities in central and eastern Europe, including Hungary. He declined to give any specifics, saying Intel was bound by confidentiality agreements. Intel acquired a minority stake in Index.hu, one of Hungary's largest Internet portals, in June. Hejka said Intel Capital was currently looking at opportunities in Russia, the Baltic States, Bulgaria, the Ukraine, Slovakia and Slovenia.