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

To: Paul Engel who wrote (113345)	10/12/2000 10:14:28 PM
From: AK2004	Read Replies (1) \| Respond to of 186894

Paul ok then we both agree that amd gained share and due to that fact amd had better earnings and intel was not that lucky Regards -Dash - Albert

To: Paul Engel who wrote (113345)	10/12/2000 10:14:40 PM
From: puborectalis	Read Replies (1) \| Respond to of 186894

Grove: The party's over October 12, 2000 04:15 PM PT by Michelle Rushlo The days of free-flowing investments in new technology and Internet companies are clearly over, said the chairman of Intel (INTC) today. Noting the merciless decline in many tech stocks, Intel chairman Andy Grove said, "It's a period of time when we have cause to doubt our own beliefs." He appeared with a panel that included Priceline.com (PCLN) founder Jay Walker, Yahoo (YHOO) co-founder Jerry Yang and Lotus Notes creator Ray Ozzie at Intel's eXCHANGE conference in San Francisco. Grove said while the market may not reflect the high-tech business, it can affect advertising campaigns and company purchases. Investor money is going to have to be replaced with self-generated funding, he said. Technology's promise has not diminished but investors who "fairly indiscriminately gave us money" are no longer there, Grove said. He and the other panelists agreed that the notion of return on investment has regained its status as an investment standard. Yang said in the past year, the Internet market has been overheated with too many companies being funded simply because they were dotcoms. But he said the Internet still has not realized its potential to become integral to education, government and business. "There's always going to be a gap between what the market sees and what's really going on," Yang said. Walker of Priceline, the name-your-own-price seller of airline tickets and other services, said he does not believe investors are attacking his business model, but he does believe investors have lost patience with companies that have not demonstrated profitability. The market's willingness to wait for black ink and give companies the benefit of the doubt is over, he said. Yang, too, defended his portal company's ability to grow as the number of unique users plateaus. He said there is still potential for growth abroad, and even in the United States there is the opportunity to grow the number of services and amount of time users spend on Yahoo.

To: Paul Engel who wrote (113345)	10/12/2000 10:21:01 PM
From: puborectalis	Respond to of 186894

Intel chairman: Net companies must become self-sufficient By Michael Kanellos Staff Writer, CNET News.com October 12, 2000, 5:10 p.m. PT SAN FRANCISCO--The Internet era will continue, but it won't be nearly as fun as it once was, according to Intel chairman Andy Grove. Grove, speaking on a panel at Intel's eXchange conference here, told the audience that companies, especially Internet start-ups, are going to have to become financially self-sufficient to survive. Although the technology economy will continue to expand, investors are no longer in a speculative mood and will abandon companies that do not cover their costs. "The era of trickle-down investing is over, if not forever, then for a long period of time," he said. "We have to use self-generated cash to pay for our advertising and our infrastructure. We have to worry about return and about investment." Indirectly, the harsher climate will help Intel. The company, along with Microsoft, Hewlett-Packard and other PC-centric companies, is engaged in a crusade against Sun Microsystems in the market for expensive, high-end servers for Web sites, databases and other complex computing transactions. Sun leads the market, but these companies have said that they can deliver equipment that is either more powerful or much less expensive. Grove didn't mention Sun by name but emphasized at several junctures that cutting computing costs must become a priority for Web companies. Computing costs, in fact, have always been a consideration "except in the fairy tale years of the last two years." "On the whole, scrutiny on costs benefits us," Sean Maloney, senior vice president and worldwide director of sales and marketing for Intel, added after the panel discussion. Priceline.com founder Jay Walker and chief Yahoo Jerry Yang, who joined Grove on the panel, expressed similar ideas. "The market is very uncertain about companies that aren't yet profitable," Walker said. Some of Priceline's recent moves, such as terminating its grocery division, have been directly related to cost considerations. While popular, Priceline could not justify continuing the services because of the cost structure. "You're constantly making these difficult decisions that are unpopular," Walker said. "There are capital issues and customer issues, and they often don't go together." Grove added that the Priceline concept is still in doubt. "The scalability of Jay's business model has yet to be proven," he said. Despite the doom and gloom, however, all agreed the Internet continues to show huge promise as a communications and commercial platform. Yang pointed out that the Web has shifted from being an entertainment medium to a venue for commercial transactions and research. Peer-to-peer networking also shows promise as a medium, Yang noted, but its current popularity in the form of Napster can be attributed more to the content available through the system--in Napster's case, music. Peer-to-peer networks allow individual computers to trade files with each other, mostly avoiding the centralized servers run by companies like Yahoo or Amazon.com. "It is more the application and use than the network itself," he said.