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To: OLDTRADER who wrote (174059)	4/5/2004 3:37:04 PM
From: William F. Wager, Jr.	Read Replies (2) \| Respond to of 176387

OldTrader...Intel related news...Intel CEO Barrett Says Industry Outlook Is Strong By DAN NYSTEDT DOW JONES NEWSWIRES April 5, 2004 10:02 a.m. TAIPEI, Taiwan -- Intel Corp. Chief Executive Craig Barrett said Monday the chip industry is "very healthy," and that his company would maintain its high levels of investment in manufacturing and research and development. Speaking to reporters at a technology forum here, Mr. Barrett also said Intel has been in contact with Chinese authorities over a disputed technology that could disrupt the supply of key Intel chips into China, but that the company's position on the issue hasn't changed. "We will sell our Centrino mobile technology up until June 1, and hopefully we'll get this issue resolved before then." Centrino refers to a packet of chips that Intel sells for use with high speed Internet over wireless local area networks. Chinese regulators in December announced that on June 1 they would require manufacturers of wireless data products, including cellphones, computers and PDAs, to incorporate a data-encryption method developed in China. China said the regulation is important for national security. It is the only government in the 146-member World Trade Organization to impose such a rule. Mr. Barrett declined to discuss specific company financial information since Intel, of Santa Clara, Calif., is in its quiet period before releasing its first-quarter earnings April 13. Citing market research estimates of revenue growth of around 20% this year, Mr. Barrett said "that's overall very healthy." "You can look at that in terms of the earnings in the industry, the health of the industry ... you see profitability increasing, you see sales increasing," he added. Mr. Barrett said company bylaws require him to retire in May 2005, but that he expects Intel to continue to invest heavily now and after he steps down. The company projects research-and-development costs of about US$4.8 billion in 2004, up from US$4.4 billion last year, while capital spending should come in between US$3.6 billion and US$4 billion, compared with US$3.7 billion last year. Intel's full-year revenue reached US$30.1 billion last year. Write to Dan Nystedt at dan.nystedt@dowjones.com