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

To: Paul Engel who wrote (114790)	10/23/2000 6:11:58 PM
From: Road Walker	Respond to of 186894

Paul, re: "but if you're looking to meet him, I suggest you call the Arizona Sex Offender's register - maybe they can "hook you up" with him." Thanks for the great laugh - you do have a creative and sick mind. Still chuckling... John

To: Paul Engel who wrote (114790)	10/23/2000 6:29:54 PM
From: TomZ	Respond to of 186894

Interview with Craig Barrett from Internet Week Magazine internetweek.com October 23, 2000 Intel CEO In The Hot Seat Barrett plans to diversify as company assumes unfamiliar role With Intel shares being among the most closely watched technology issues, the company's quarterly results were nervously awaited by investors last week. But on Tuesday, the company beat Wall Street earnings estimates, which had been revised downward. At an Intel e-commerce conference the week before the earnings release, company officials were clearly feeling some heat from the unfamiliar glare of skeptical investors. InternetWeek senior managing editor David Joachim caught up with CEO Craig Barrett just long enough to get Barrett's take on the situation. InternetWeek: Four-fifths of Intel's revenue comes from microprocessors and related products today. How is that going to change over the next few years? Barrett: The other businesses we have--networking, communications and such--are growing faster than our basic, core business. So that 80 percent will go down over time. InternetWeek: What about on the services side, where you're now doing Web hosting and application hosting? Barrett: That will grow percentage-wise very fast, but it's growing off a very small base, so it's not going to have a huge impact over the next few years on our total revenue picture. InternetWeek: Are investors having trouble seeing Intel as a more diversified company? Barrett: I don't think it is Intel per se. Just go down the list: Dell, Hewlett-Packard, Cisco have taken a beating. Poor Apple is down to a third of what it was a couple of months ago. So it's the whole high-tech market that's taken a beating. Why? Well, it's been the darling of the markets for several years. Maybe people are just antsy about valuations they consider to be too high or that there will be a bit of a slowdown. I don't know what it is. The reaction is violent. InternetWeek: We hear a lot about how much Intel is investing in internal e-business proj-ects. If conditions remain like this for a while, will that investment be affected? Barrett: I don't think our market cap is going to have a particular impact on how much we invest. We make investments where we think the market's growing; we've got a pretty good cash flow from our core business. We'll just continue to invest that in R&D and into our capital investments. So we're investing in the future, we're not investing on the basis of what the market cap is today.