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

To: Paul Engel who wrote (145170)	10/12/2001 1:17:15 PM
From: Tony Viola	Read Replies (3) \| Respond to of 186894

Paul, thread, I don't know if the negative on Intel Business Week article made it in here (and I don't have a URL), but Andy Grove wrote back. Might note that these type articles on Intel screwing up should be petering out, and revenue losses should be attributed to the economy downturn, actually should have been for quite a while now. BW is pretty late and I'll be sure to use their copies to line the birdcage, the cat litter or the doghouse from now on (if I ever see one). - Tony OCTOBER 22, 2001 Readers Report Intel Corrects Our Arithmetic Your article on Intel Corp. picked on us unremittingly ("Intel," Cover Story, Oct. 15). This saga of a sea of screwups punctuated with bad strategies made me wonder: Can we be this bad, or is BusinessWeek this biased? Then I ran across a Freudian slip: After saying that industry shipments are expected to decline 34% from 2000 to 2001, you suggest Intel revenues will drop 52%, from $33.7 billion to $25.5 billion. Assuming your 2001 number is right, by my calculations these revenue numbers correspond to a 24% drop, not 52%. So I again wonder: Is an error this gross a hint of bias--or merely an indication of the quality of writing and editing? We will work hard to do better. May I suggest you do likewise? Andrew S. Grove Chairman Intel Corp. Santa Clara, Calif. Editor's note: We erred. The correct number for Intel's expected revenue decline is 24%. businessweek.com