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

To: Road Walker who wrote (177100)	2/23/2004 9:04:35 AM
From: Road Walker	Read Replies (1) \| Respond to of 186894

Intel's CEO Says Moore's Law Valid For Next 15-20 Years Monday February 23, 4:31 am ET TOKYO -(Dow Jones)- Moore's Law that each new integrated circuit will have roughly twice as much capacity as its predecessor will remain valid over the next few decades, Intel Corp. (NasdaqNM:INTC - News)'s chief executive said Monday. Speaking at the Global Information Summit in Tokyo, Craig R. Barrett, chief executive officer of the world's largest semiconductor firm, said the observation made in 1965 by the company's co-founder Gordon Moore "will be true for another 15 to 20 years," as it has been over the past two decades. As Moore's Law continues to be valid for the development of the electronics industry, "we will continue to have more electronic functionalities to deal with, more capabilities to deal with," Barrett said. Moore's theory on chip evolution estimates that more powerful chips are released within 18-24 months of the previous chip. Barrett also suggested that the convergence of digital information technology - be it wireless networks within the home or digital content sharing via broadband infrastructure - will be one of the major themes for the high tech industry in coming years. "This (concept of the) digital home...(for) which many Japanese companies are participating in developing the next-generation of equipment...will be one of the most exciting advances we'll have over the next five to 10 years," he said. Barrett was speaking a day before Intel is due to hold a strategy seminar in Tokyo on issues surrounding digital homes. -By Michele Yamada, Dow Jones Newswires; 813-5255-2955; Michele.Yamada@dowjones.com -Edited by Kirsty Mackenzie