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To: Tony Viola who wrote (123393)	12/19/2000 9:54:43 PM
From: puborectalis	Respond to of 186894

Chip softness will continue in Q1 of 2001, predicts research firm Advanced Forecasting claims it was 'the lone wolf' warning of current slowdown in the past year Semiconductor Business News (12/19/00 10:22 a.m. PST) CUPERTINO, Calif. -- With the year 2000 ending on a weak note for semiconductor companies, Advanced Forecasting Inc. here today continued to warn of softer bookings and delays in chip orders in 2001. Advanced Forecasting also did a little chest pounding, by bragging that it was the only major research firm to "accurately" predict the semiconductor's turning point in the fourth quarter of 2000. "As expected, signs of slowing semiconductor sales have been emerging with each passing month, confirming our mid-99 prediction for the second half of 2000," said David Crume, Advanced Forecasting's director of marketing and sales. The Cupertino-based company described itself as a "lone wolf" in predicting the current semiconductor slowdown, when other market researchers were still forecasting a boom in chip sales through 2003. At the annual Industry Strategy Symposium (ISS) in Pebble Beach, Calif., last January, analysts from Advanced Forecasting stunned the meeting by predicting an 80% probability of a significant downturn in semiconductor sales during 2000 (see Jan. 11 story). Other analysts at the executive summit were bullish about 2000 and 2001. But at the January meeting, Advanced Forecasting suggested that there was an 80% chance of a turning point--or "elbow"--in the trend line during the second quarter of 2000--a few quarters ahead of the current turning point. After a strong second quarter, inventory corrections in the second half of 2000 put a damper on what has been a strong year in chip growth. The major question now is whether the correction will be completed early next year, with strong revenue growth resuming in later in 2001. Advanced Forecasting warned that it expects to see a continuation of softer bookings, push-outs from chip customers, inventory buildup, and inventory-driven backlog adjustments in the first quarter of 2001. The research firm added that chip manufacturers have overbuilt capacity based on an inflated demand for semiconductors. "Unfortunately, as in previous cycles, chip and semiconductor equipment suppliers have relied on qualitative information which is based on extrapolations," Crume said. "They have been mislead by bullish forecasts of demand for IC and end equipment applications, which motivated them to gear up for anticipated strong demand for the remainder of 2000 and 2001." Advanced Forecasting claims its quantitative Short-Term IC Forecast has accurately predicted five downturns since the mid-1980s.

To: Tony Viola who wrote (123393)	12/19/2000 10:19:41 PM
From: Proud_Infidel	Respond to of 186894

Intel to Acquire Network Solutions Consulting Group Team to Support Development of e-Business Solutions Based on Intel Technologies SANTA CLARA, Calif.--(BUSINESS WIRE)--Dec. 19, 2000--Intel Corporation today announced that its Indian subsidiary intends to acquire the consulting group of Network Solutions Private Ltd. of Bangalore, India. The acquisition will add to Intel's growing capability in supporting system integrators and other consultants building e-Business solutions based on Intel Architecture and Intel networking and communications technologies. Financial terms of the agreement were not disclosed. Founded in 1993, Network Solutions is a leading services provider in India with customers including Citibank Corp. and Satyam Infoway Ltd., one of India's largest Internet service providers. Network Solutions has delivered consulting services, management services, value-added software products, and system integration for businesses deploying voice and data networks. With this agreement, the Network Solutions consulting team will become part of Intel and serve a broad range of system integrators and solutions providers. ``Network Solutions' talented consulting team will be deployed to support system integrators and solution providers as they incorporate Intel Architecture and Intel networking and communications technologies into the new e-Business data center,'' said Will Swope, vice president, Intel Architecture Group, and general manager, Solutions Enabling Group. ``The team's expertise will be utilized to enable best of class business solutions in India, and shared worldwide to advance Intel's comprehensive solution enabling efforts.'' Upon completion of the acquisition, the Network Solutions consulting team will become part of Intel's Solutions Enabling Group and will complete committed projects during its transition. With the sale of its consulting capability, Network Solutions will continue to focus on its core business of network and system integration, as well as managed services. Intel will continue to provide technical consulting services to Network Solutions as part of an ongoing relationship. Intel, the world's largest chip maker, is also a leading manufacturer of computer, networking and communications products. Additional information about Intel is available at www.intel.com/pressroom. Note to Editors: Third party marks and brands are property of their respective holders.

To: Tony Viola who wrote (123393)	12/19/2000 11:02:19 PM
From: opalapril	Read Replies (1) \| Respond to of 186894

"The guy is, what, 73? How many corporations would keep a CEO around that long." A bit ageist, don't you admit? The European Common Market was conceived by two octogenarians.

To: Tony Viola who wrote (123393)	12/20/2000 7:37:53 AM
From: William Hunt	Respond to of 186894

Tony ---Good Morning ----Greenspan did not chose this path totality by himself . Their seems to be a group of Fed Governors who still believed the Philips curve is the only way to control inflation . Interest rates are the only method to control inflation ---abeit an .8% increase year over year . Rebuen would be a great choice to replace him ---the financial markets would trust him . You bring up a great point in that when we had the impeachment going in 1997 and 1998 the Fed raise interest rates but Greenspan went out of his way to explain the moves due to the power vacuum at the top . He has been noticeable in his absence during the campaign and the election aftermath . He seems to be lacking in the ability to express his moves and where the economy is going . I am looking for a GDP figure of less than 1% for the fourth qtr but what has me really concern is the productivity numbers . They will keep dropping as technology spending decreases but oil prices are not going south until we finally established an energy policy that will provide an independence from this inflation beast . I do not know why Greenspan abandoned his one ally ----productivity of the American worker but he has made a big mistake that all of us will pay dearly for . Productivity is the only tool that counter inflation , keep the dollar and the economy strong at the same time . High interest rates will do two of the above for a short period of time but eventually they cause stagflation . Take a look at the response that briefing.com had this morning on the Fed moves . If Greenspan waits to cut interest rates until the end of January we will will see 1700 to 1800 on the Nasdaq but more importantly the productivity numbers will be half the inflation rate . BEST WISHES BILL