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

To: puborectalis who wrote (55212)	5/6/1998 11:49:00 PM
From: Paul Engel	Read Replies (1) \| Respond to of 186894

Intel Investors - Grove Gets IT From PC Week - a "favorable" editorial on Andy Grove. Paul {======================{ zdnet.com Off the Cuff Why Andy Grove gets IT By Peter Coffee, PC Week Online 05.06.98 Bill Gates doesn't get it. Vice President Al Gore doesn't get it. But Andy Grove does get it, and we can learn by watching where Grove spends his time. Yesterday, these men could have been sent by central casting to play their parts as symbols of different viewpoints. Microsoft Chairman Gates went to New York to rally support for Windows 98; he believes that IT follows the money. Gore was in Washington; he and others in government believe that IT's future needs to be ruled by laws, not by the freely chosen actions of buyers and sellers. Both Gates and Gore miss the point that Grove made so well with a trip to Beijing. Grove, retiring CEO of Intel, wasn't in China to pump up demand for an incremental product, as Gates and his pilot fish were doing for Windows 98. Grove wasn't walking around the elephant of the international market, arguing about whether it's more like a tree or a snake, as Gore and his companions were doing at their international economics conference in D.C. Grove was in China because that's where the people are, which means that's where the IT applications are. Grove was in China because it's the next frontier of expanding demand for distributed information technology, the next place where low-cost, high-throughput computing and communications will improve people's lives and create new arenas for industry and commerce. It's sobering to add up the numbers involved in any discussion of China's recent past or immediate future. We are talking about an economy that has grown by a factor of four in the last 20 years. Our Bureau of the Census projects that China will become the world's largest economy by 2005. We are talking about a market that adds 16 million people every year. You can think of that as building a new New York, a new Los Angeles, a new Chicago and a new Houston every year or adding three more Japans to the world before Bill Gates starts collecting Social Security. What is the role of IT in the expanding worldwide role of China? Grove can tell you. In a teleconference yesterday with Gore and other D.C. discussants, Grove pointed out the importance of "telemedicine" for diagnosis and consultation with patients in China's remote villages. Internet and wireless technologies can do much to improve health care and to distribute expertise across China's far-flung regions. During their conversation, Grove told the vice president that he sees no barriers to continued "Moore's Law" doubling of computer chip performance-not, at least, until the second decade of the 21st century. At least there's something that grows faster than China's economy-but not more rapidly, it seems, than the potential role of IT in our lives. Off the Cuff, an online exclusive column, appears Monday, Wednesday and Friday.