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

To: Paul Engel who wrote (39603)	11/8/1997 2:28:00 PM
From: Dale J.	Respond to of 186894

Intel inventory woes to end soon By Reuters November 7, 1997, 3:25 p.m. PT At its semiannual analysts meeting today, Intel (INTC) executives said they are seeing signs that the ongoing inventory correction among personal computer makers is nearing an end. "They said the build-to-order phenomenon has cost them half a billion dollars in revenue this year," said Dan Niles, analyst at BancAmerica Robertson Stephens. "Now they are saying that transition is almost over and won't happen again this year." Many analysts were concerned about the possibility of bad news coming out of the meeting, but Intel shares were up 2 to 75-1/2 by mid-afternoon. Paul Otellini, Intel's executive vice president of marketing and sales, said the company is "optimistic" about European sales in the fourth quarter, and, he added, sales in China remain strong. Southeast Asian markets, however, are sluggish due to the currency problems that have plagued that region of late. Otellini also said the company expects PC makers to hasten their transition to Pentium II microprocessors by year end, 1998. Craig Barrett, Intel's president and chief operating officer, added that the company expects to ship more versions of the Pentium II chip to a broader market base in the upcoming year. For about a year, PC makers have been working to reduce the lead time for getting PCs to market. The industry standard had been about two to three weeks, but the goal is to reduce it to less than a week. The strategy for reaching that goal, however, has caused a slowdown in sales growth for chipmakers, of which Intel is the world's largest. Dale