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To: jcholewa who wrote (16184)	10/26/2000 8:05:06 PM
From: Maverick	Respond to of 275872

INTC CEO:"global mobile phone penetration is expected to grow to 1B handsets by 2005 from about 400 mln this year". Intel (INTC) 44 11/16 +3 3/8: Company president and CEO, Craig Barrett, said he was bullish on the global chip market, due to steady demand from makers of personal computers and mobile telephones saying "global mobile phone penetration is expected to grow to one bln handsets by 2005 from about 400 mln this year". By Briefing.com Craig Barrett, president and CEO of Intel Corp said on Thursday he was bullish on the global chip market, due to steady demand from makers of personal computers and mobile telephones. "I'm pretty bullish about the global demand for semiconductors considering steady growth in the PC, networking infrastructure and wireless communications areas," he told a news conference. Barrett was in Seoul for Intel Korea's e-Business Forum. Intel said last week its third-quarter shipments of microprocessors, the brains of PCs which account for 80% of the firm's sales and virtually all its profits,were little changed from the second quarter, as were average selling prices for each chip. (Reuters 03:10 AM ET 10/26/2000) This is great news for Flash.