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

To: Paul Engel who wrote (128397)	2/27/2001 2:38:47 PM
From: DJBEINO	Read Replies (1) \| Respond to of 186894

14:36 =DJ Intel CEO Stresses Growth, Repeats Estimates >INTC Of DOW JONES NEWSWIRES SAN JOSE (Dow Jones)--The semiconductor industry goes through ups and downs much like a roller coaster, but Intel Corp. (INTC) aims to grow its way out of the current slowdown, Chief Executive Craig Barrett said Tuesday at the Intel Developer Forum here. Barrett said he is unable to predict when demand will pick up. Nevertheless, Intel is not changing its estimates for the first quarter, he said. In January, the company said it expects revenue for the quarter will be 15% below fourth-quarter revenue of $8.7 billion. Interest rate cuts would likely have a positive effect on capital expenditures, but Barrett said he expects that effect would lag nine to 12 months. Barrett reiterated Intel's plans to spend $7.5 billion in capital investment and $4.3 billion in research and development this year. The investment will help Intel develop new products and technologies to fuel long-term growth, he said.