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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Paul Engel who wrote (30630)	3/31/1998 2:28:00 PM
From: AK2004	Read Replies (1) \| Respond to of 1572357

yes master :-) whaever you say master

To: Paul Engel who wrote (30630)	3/31/1998 7:02:00 PM
From: Maverick	Respond to of 1572357

Intel says main problem is reviving growth By Sonali Verma CAVITE, Philippines, March 31 (Reuters) - Semiconductor giant Intel Corp is struggling to revive growth after facing more than a year of stagnant revenues, company president Craig Barrett said on Tuesday. "The biggest issue that we face right now is getting back on the growth track," Barrett told a news conference. "We have been flat in revenue for the past 15 to 18 months. We need to continue to focus on micro-processors and find new users and uses for personal computers. We also need to grow in other businesses in and around computers." Barrett, speaking at the inauguration of an Intel assembly and test plant in the Philippines, listed electronic commerce, graphics chips, digital imaging and flash memory chips as potential growth areas. Faced with collapsing personal computer and chip prices, the world's largest chip maker said earlier this month it expected first quarter revenues to drop 10 percent below the previous quarter, when Intel reported a net income of $1.7 billion. Barrett said revenue had been stagnant at about $6.2 billion over the past five quarters. "Whether we're seeing a seasonal slowdown this quarter or saturation...I don't think anyone for certain knows," he said. Barrett, due to succeed Andrew Grove as the firm's chief executive in May, said sales had fallen in Asian countries such as Thailand and South Korea, but were growing rapidly in China and India. "In the Asia-Pacific theatre overall, they are not as strong as we would like them to be but not a disaster," he said. "The problems here are relatively short-term." Barrett gave no figures. His Asian tour, which includes stops in South Korea, Malaysia, Thailand, Singapore and Australia, came days after Microsoft Corp chief Bill Gates visited the region. A company spokeswoman in Seoul said Intel planned to invest up to $1 billion in South Korean companies. Company officials would not comment on the possibility that Intel might invest in South Korea's Samsung Electronics Co Ltd <05930.KS>, the world's largest memory chip maker. Intel planned to invest up to $1 billion in the Philippines between 1996 and 2000, Barrett said. Company officials declined to say how much of that amount had already been spent. The California-based firm, which says it is the Philippines' single largest exporter, plans to invest in leading-edge manufacturing and PC technology and the local community. ((Manila newsroom 63 2 8418934, manila.newsroom@reuters.com))