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

To: Tenchusatsu who wrote (136355)	5/30/2001 1:08:04 PM
From: Road Walker	Respond to of 186894

Ten, Here's the quote: "“This will end up being one of the world’s worst investments, I’m afraid,” predicts David House, a former Intel official who is now chief executive of Allegro Networks, a network-equipment start-up. Mr. House, Intel’s chief of corporate strategy in the early 1990s, worries that Intel will never get back the $1 billion to $2 billion that analysts estimate Itanium has cost so far. Mr. House, who approved the project at the time despite his own reservations, says the scale of the Merced project “scared the everloving bejesus out of me.” Intel says that his doomsaying is nonsense and that the Itanium family will make it plenty of money. FWIW. $2B is a lot of money. John