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To: Thomas G. Busillo who wrote (31527)	4/1/1998 8:47:00 AM
From: MR. PANAMA (I am a PLAYER)	Respond to of 53903

Intel says buying $800 mln Korea components BARGOOOONS IN DAT DERE LAND ??? SEOUL, April 1 (Reuters) - Intel Corp said on Wednesday it plans to buy up to $1 billion worth of computer chips and components from South Korean companies this year. ''What we can clearly say is that Intel plans to buy $800 million to $1 billion worth of components from Korean firms this year,'' said Intel Korea spokeswoman Oh Meerye. Intel president Craig Barrett met South Korean President Kim Dae-jung on Monday to discuss the U.S. semiconductor giant's plans for the country. South Korean media quoted a presidential spokesman as saying after the meeting that Intel planned to invest between $500 million and $1 billion in computer-related South Korean companies. Intel officials have declined to give details on the company's investment plans. In a news conference on Monday Barrett several times declined to comment on Intel's investment plans. ''Yes, we're interested in talking to Korean companies but right now all those conversations are confidential,'' Barrett said. South Korean media have reported Intel and Samsung Electronics (SAGR.CN) were discussing an investment by Intel of as much as $1 billion into the Korean firm. Samsung officials have suggested such discussions are under way. In the Philippines on Tuesday, Barrett said Intel expected to invest up to $1.0 billion in that country between 1996 and 2000. --------------------------------------------------------------------------------