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To: StanX Long who wrote (61721)3/8/2002 12:56:07 AM
From: StanX Long  Read Replies (1) | Respond to of 70976
 
Intel sees some strength in server demand, fab cost savings in Q1

Company expects results to be within previous forecast
Semiconductor Business News
(03/07/02 16:33 p.m. EST)

siliconstrategies.com

SANTA CLARA, Calif. -- Intel Corp. is now seeing slightly stronger growth in server microprocessor sales and lower manufacturing costs in the first quarter, but overall the company's businesses are being driven as expected by normal seasonal patterns, said the chip maker's chief financial officer in an mid-quarter update today.

No economic recovery has been detected yet by Intel in its businesses, cautioned CFO Andy Bryant, but there have been no unpleasant surprises as well, he said in a conference call with analysts.

The Santa Clara company said its microprocessor business continues to follow seasonal patterns in the first quarter, while the communications businesses remain weak.