To: Patricia Meaney who wrote (26713 ) 4/26/2002 9:59:17 AM From: SIer formerly known as Joe B. Respond to of 110653 And now, introducing the Itanium 2 Fri Apr 26, 9:43 AM ET By John G. Spooner, ZDNet News story.news.yahoo.com Intel announced Thursday morning during its annual shareholder meeting that it has named the forthcoming "McKinley" processor the Itanium 2. • The Best Palm Pilot Software • Beginner's Guide to MP3 • Software Quick Start Guides for Beginners • FREE magazine trial • Builder: Developer Tools • Tax software packages • Find a tech job • Top 50 notebooks Sign up for the free ZDNet News Dispatch: (CNET Networks Privacy Policy) The new chip is the successor to Intel's current 800MHz Itanium server chip and the second chip to use the company's 64-bit technology. Due in the second half of the year, the Itanium 2 will offer higher clock speeds and significantly improved performance over the current chip, Intel has said. The chip will be introduced at midyear at 1GHz and will ship in high-end servers and workstations used to store large databases or compute mechanical designs. Intel executives are using the shareholder meeting to walk investors through the company's future manufacturing strategy as well as its forthcoming plans for desktop and notebook processors. Paul Otellini, the chip giant's president and chief operating officer, demonstrated the upcoming Banias chip, a low-power mobile processor platform that will sport wireless capabilities. Otellini first demonstrated Banias, which is expected to debut in the first quarter of 2003, at this month's WinHEC show. Otellini also gave an update on the company's desktop and notebook Pentium 4 roadmaps. The desktop chip, now running at 2.4GHz, will hit 2.53GHz later this quarter and 3GHz during the fourth quarter, he said. The 2.53GHz Pentium 4 will bring an increase in bus speed, from 400MHz to 533MHz, which will boost desktop PC performance. The bus provides a data pipeline between the processor and RAM. "We remain on track for a 3GHz launch in the fourth quarter of this year," Otellini said. Intel will begin transitioning its Celeron chip to Netburst, the chip architecture of the Pentium 4, later this quarter. By the end of the year, about 80 percent of its Celeron chips will be based on the newer architecture. "This allows us substantial gigahertz headroom," Otellini said, which should allow the company to keep the chip competitive with Advanced Micro Devices' Duron processor. On the notebook side, Intel's mobile Pentium 4-M chip will hit 2GHz by midyear, Otellini said. Intel just this week bumped the chip from 1.7GHz to 1.8GHz.