Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: greenspirit who wrote (37567)	10/24/1997 9:14:00 PM
From: Narotham Reddy	Read Replies (3) \| Respond to of 186894

Intel clarifies plant delay explanation Friday October 24 8:28 PM EDT SAN FRANCISCO, Oct 24 (Reuters) - Intel Corp said that it is delaying the opening of its $1.3 billion plant in Fort Worth, Texas due to a product switch at another plant in Israel, not due to weakening demand for flash memory chips. Intel said the plant in Texas was scheduled to make logic chips, which will now be switched to Israel, because the plant in Israel is closer to volume production. ''It means the capacity that Texas represented won't be needed until the future,'' said an Intel spokesman, clarifying previous reports on the plant. ''The unit demand for flash remains high.'' He added that there are many new entrants and the competition is very aggressive but that industry analysts forecast flash memory will grow in the future. Intel will counter the competition in flash with new products and by being aggressive in pricing and supply, he said, but he said Intel is not forecasting weak demand. The plant in Israel was to make flash memory chips but Intel said that the plant will now make logic and micrprocessor chips. ''The reason it was switched is the growing demand for microprocessor products and we can be in production and online in Israel quicker because the factory construction is further along,'' said Howard High, the Intel spokesman. He said the Israel plant was started about a year earlier than the Texas plant.

To: greenspirit who wrote (37567)	10/26/1997 9:13:00 AM
From: Road Walker	Read Replies (1) \| Respond to of 186894

Michael, Thanks for the article, with as much time as we spend researching this company, they still manage to surprise with the things that they are up to. SLIGHTLY OFF TOPIC, finally got a call from local cable company (Time Warner) and they are offering cable modem service here. In order to get it, I need to dump this old 486/100 and get a new computer (probably lower speed PII). It makes me think that maybe bandwidth expansion is a more important element in computer upgrades, as I'm sure I'm not alone in my actions. Now if Intel stock would cooperate, my personal wealth effect might get me to go up to a PII/300 <g>. John