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


To: Paul Engel who wrote (111762)9/29/2000 6:53:15 AM
From: Exciton  Respond to of 186894
 
Intel Delays Christmas; Changes Accounting Period

September 29, 2000. In a move that few companies could pull off, Intel today announced that the company has delayed Christmas until January 25, 2001 and is switching from quarterly accounting to a semester basis. According to the company, this will allow it to capture the Christmas season revenue for the delayed Pentium 4 in the next earnings report, and it will also ensure sufficient availability of Rambus memory for PCs using the P4. When asked how this could be done, a company official said that Intel has gained so much experience with delays that it now believes that it can delay the date of our Lord's birth.



To: Paul Engel who wrote (111762)9/29/2000 11:05:53 AM
From: Jim McMannis  Respond to of 186894
 
Paul,
RE:"Details about the problem are scarce, but it appears to be an issue with the 850 chip set and not the processor itself, the source says. Intel notified the vendor about the problem on Thursday."

Sounds like a good excuse at any rate.

These great "buying opportunities" are getting real old...

Jim