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Technology Stocks : Creative Labs (CREAF) -- Ignore unavailable to you. Want to Upgrade?

To: Jon Tara who wrote (4996)	10/24/1997 11:39:00 PM
From: Rutgers	Respond to of 13925

Looks like some good NEWS for Tech Stocks come Monday morning Since CREAF rode the INTC news down, perhaps ... Friday October 24 8:28 PM EDT Intel clarifies plant delay explanation 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.