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To: Mr. Aloha who wrote (362)	1/28/1998 7:38:00 PM
From: Paul Dieterich	Respond to of 582

Intel to spend $2.65 Billion on .25 equipment in 1998 Dow Jones Newswires -- January 28, 1998 Intel CFO: Believes Intel-Digital Deal Will Go Through By Mark Boslet SAN FRANCISCO (Dow Jones)--Intel Corp. (INTC) Chief Financial Officer Andy Bryant said he believes the company's deal to buy the chip-making operations of Digital Equipment Corp. (DEC) will be approved by the Federal Trade Commission. "We think everything's going forward," Bryant said. "And there is no indication" Compaq Computer Corp.'s (CPQ) acquisition of the rest of Digital Equipment will affect it, he said. Speaking at the NationsBanc Montgomery Securities Technology Conference here Wednesday, Bryant painted a bullish picture of the chip maker's prospects for 1998. "We believe the industry growth rate will continue," he said. That's why "we are investing in the future." Bryant repeated that Intel plans to spend $5.3 billion on capital spending in 1998, with half of its equipment spending on gear to produce chips at the narrow circuit width of 0.25 microns. "We are more comfortable than we've ever been" that the company's strategy and products "will make us successful," Bryant said during his address to a packed conference room. He reiterated that Intel expects half of its production by mid-year to be of its new generation Pentium II chip. The company will roll out 350-megahertz and 400-megahertz chips during the first half of the year and a 450-megahertz chip toward the end of the year, he said. A stripped-down version of the Pentium II also is being aimed at the market for sub-$1,000 computers, he said. Also expected during the first half of the year is the Auburn i740, a chip to offer better 3D graphics on a computer. "We can no longer have general purpose microprocessors meeting all needs," he said. "We have to match capabilities with customers." -Mark Boslet; 415-496-1366

To: Mr. Aloha who wrote (362)	1/28/1998 7:53:00 PM
From: Paul Dieterich	Respond to of 582

Tech Analysts Bullish On Semi Industry In '98 (01/28/98; 6:41 p.m. EST) By Jennifer L. Baljko, Electronic Buyers' News While it appears that the bears will take over the financial markets this year, semiconductor analysts at NationsBanc Montgomery Securities are hanging on to the bull's horns. With the 1996 industry-wide pricing debacle behind it, the period of recovery that started in 1997 will follow into 1998, said analyst Jonathan Joseph at the company's annual Technology Week conference in San Francisco Tuesday. "1998 will be good year for recovery," he told company executives and investors. "Commodity prices, particularly for DRAMs are firming up. Inventories levels are low. Demand is strong." Some of the drivers that will fuel the semiconductor industry include growth in the PC segment, new communications products, and a modest upturn in the automotive, industrial and consumer markets. Although the Asian financial crisis raised concerns late last year about a regional slowdown in demand, much of those fears have been put to rest, in part because of the continued strength in other areas, he added. "The semiconductor industry largely discounted those fears," Joseph said. "There is still strong growth in China and India, and that has made up for the weaker areas."