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To: Bob Biersack who wrote (7212)	2/24/1998 1:21:00 PM
From: Marz	Read Replies (1) \| Respond to of 42804

intel announcement: Tuesday February 24, 12:46 pm Eastern Time Intel unveils range of networking products SAN FRANCISCO, Feb 24 (Reuters) - Intel Corp on Tuesday introduced a variety of networking products aimed at users ranging from homes to small business to large corporate campuses, as it makes a big push in the fast-growing networking business. Craig Barrett, Intel's president and chief operating officer, said the company is estimating there will be one billion networked personal computers within the next decade and that Intel wants to provide products for a broad range of customers, from the home to the corporate user. Intel has been in the networking business for several years, where it started out developing networking chips and eventually moved to Ethernet networking interface cards. In 1997, Intel said it launched 30 networking infrastructure products and its business grew 40 percent in 1997. On Tuesday, as part of a big networking symposium Intel is hosting in San Francisco, Intel launched networking hubs and routers aimed at branch offices and high-speed switches targeted to corporate campus environments. Intel also announced plans to target the home market and said it has formed a Home Networking Operation within Intel. Intel said it sees that more and more homes now have multiple PCs and that families and small business owners are seeing the need to connect their PCs, so they can share printers and other peripherals. Intel said there are approximately 14 million consumers with more than one PC in their home, and the number is expected to grow to more than 30 million by the year 2000. ''We don't pull anything out by revenue base but I'd put networking as one of the areas that will grow to multibillion dollars,'' Barrett said. Intel's networking business had an estimated $500 million in revenues in 1997.