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To: combjelly who wrote (21872)	12/7/2000 6:07:57 PM
From: dhellman	Read Replies (3) \| Respond to of 275872

Intel:Don't cry for me Tech Sector +Intel CFO Says No Significant Change In Mkt Share In 4Q 12/07 16:47 (DJ) Story 6139 =DJ Intel CFO -2: Says Demand Weaker Across All Regions>INTC By Donna Fuscaldo Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--For yet another consecutive quarter, Intel Corp. (INTC) warned revenue would not meet expectations, but this time the chip giant blamed a worldwide economic slowdown and slack demand for personal computers. Intel had also warned in the third quarter, blaming an economic slowdown in Europe. In an interview with Dow Jones Newswires, Andy Bryant, Intel's chief financial officer, said demand for its products, excluding flash memory, was weak across every region. The financial chief declined to provide projections for the first quarter or provide details about the fourth-quarter EPS shortfall and said that how the business performs depends on the worldwide economy. What prompted the chip maker to warn, said Bryant, was cancellation of customers orders in the last two to three weeks. He said it took a fair amount of time to understand what the demand situation was and the order cancellations across different products led Intel to the realization that it would not be able to meet its growth targets. But he did note that sales of the Pentium 4 chip are "doing well." According to Bryant, the shortfall is an industry issue and does not reflect a loss of market share to rival Advanced Micro Devices Inc. (AMD). In fact, he said, there is "no significant change in (market) share." As for a price war due to the weak demand in PCs, Bryant said the market is still trying to determine that and Intel will compete accordingly. -Donna Fuscaldo, Dow Jones Newswires; 201 -938 -5253; donna.fuscaldo@dowjones.com (END) DOW JONES NEWS 12 -07 -00 05:31 PM Anyone believe this line?