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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Cary Salsberg who wrote (9835)	5/15/2003 11:55:43 PM
From: Return to Sender	Read Replies (2) \| Respond to of 95663

Intel CEO Cautious Over Impact of SARS Thursday May 15, 8:04 pm ET By Donna Fuscaldo biz.yahoo.com NEW YORK -- Intel Corp. (NasdaqNM:INTC - News) chief executive Craig Barrett said Thursday he is optimistic about the future, but continues to remain "cautious about tomorrow." The leader of the world's largest chip company also said he is cautious about the impact of SARS, although it hasn't had a material affect on Intel as of yet. During a press conference ahead of Intel's analyst meeting here, Mr. Barrett reaffirmed the company's second-quarter targets, which call for sales of $6.4 billion to $7 billion and gross margins of 50% plus or minus a couple of points. Looking out to the future, Mr. Barrett said he would be happy with an industry growth rate of 15% to 20% when business recovers. During the heady days of the 1990s the technology industry saw growth rates of 30% to 35%, he said. As for what sector will lead the industry out of its worst downturn ever, Mr. Barrett said computing will come back before communications. During the press conference, Mr. Barrett, the CEO, said Asia and Eastern Europe will continue to be areas of strength for Intel, while the U.S., Western Europe and Japan are flat, with a degree of seasonal business. Typically, the second quarter is a slow period for Intel. As for the overall information-technology industry, Mr. Barrett said corporations are going to have to upgrade their technology or else companies will see a "somewhat devastating jobless recovery." According to Mr. Barrett, jobs will go to the countries that are investing in technology. Mr. Barrett pointed to China, Russia and India as examples of countries that are investing in their technology infrastructure and that could steal jobs from established countries. In the case of Intel's new wireless chip called Centrino, Mr. Barrett said the launched has exceeded expectations. He said sales of Centrino are on track with Intel's internal goals. Mr. Barrett declined to disclose those targets. Shares of Intel were recently trading at $19.72, up 6 cents, or 0.4%. At Intel's analyst meeting, company executives highlighted the ever-growing market for wireless computing and where Intel fits into that market. Mr. Barrett, Intel's CEO, said "the whole concept of wireless or broadband is taking off like mad." Wireless, predicted Mr. Barrett, will be the next big technology for the PC industry. Paul Otellini, Intel's president and chief operating officer, who also presented at the meeting, said that by 2010 there will be 1.5 billion broadband- connected PCs and 2.5 billion data-enabled handsets. In 2004, Mr. Otellini said, Intel expects to double the number of Centrino units shipped from 2003. Centrino is Intel's newest mobile product designed to allow people to surf the Web wirelessly. Although Centrino only supports the 802.11b wireless standard, Mr. Otellini said Intel will unveil wireless processors that support other 802.11 standards in the second half of this year and next year. Mr. Otellini also predicted that in 2003, the majority of personal digital assistants, or PDAs, will be based on Intel's mobile architecture. -By Donna Fuscaldo, Dow Jones Newswires; 201-938-5253 We discussed Moore's Laws here Cary. It still rules. Hey Mr. Barrett and Mr. Otellini must be reading your posts here and stealing your material considering this press release.<g> RtS