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

To: P.T.Burnem who wrote (42943)	12/20/1997 1:55:00 PM
From: greenspirit	Read Replies (3) \| Respond to of 186894

P.T. and ALL, Intel's Chief Andrew Grove Named Time Magazine "Man of the Year" NEW YORK (December 20, 1997 12:48 p.m. EST nando.net) - Andrew Grove, chief executive officer of the giant chipmaker Intel Corp., has been named Time Magazine's "Man of the Year" for 1997. Grove, 61, was singled out by the weekly magazine as "the person most responsible for the power and innovative potential of microchips, which has propelled the growth of the new economy." The magazine lauded his vision and business acumen in directing one of the world's most successful and influential technology companies. "Intel, the firm he built, has survived in one of the most tumultuous industries in history, emerging to become one of the most powerful companies of our age, with a stranglehold on one of the transformative technologies of the 20th century," wrote senior editor Joshua Cooper Ramo. Intel, based in Santa Clara, California, is the world's leading producer of microchips used in computers and other electronic products. Revenue reached some $20.8 billion in 1996. Intel has become one of the most profitable U.S. companies, earning $5.2 billion on some $18.6 billion in revenues in the first nine months of 1997. According to Time, 90 percent of the world's computers are furnished with microchips manufactured by Intel, making it a leading force in the digital revolution transforming communications around the globe. Selecting the world's single most remarkable person, event or phenomenon has been a tradition at the weekly magazine for the past 70 years. In its year-end issue singling out Grove, which appears on newsstands on Monday, Time also profiled several other individuals it deemed stand-outs over the past twelve months. They include Diana, the late Princess of Wales, embryologist Ian Wilmut, Federal Reserve Board Chairman Alan Greenspan and philanthropist Charles Feeney.