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

To: exhon2004 who wrote (67087)	10/20/1998 12:22:00 AM
From: Paul Engel	Read Replies (1) \| Respond to of 186894

Greg - S.E. Asia Here's a related article that corroborates the one you referenced. Paul {============================} 10/19 8:58A (DJ) Intel's Asia Chief Sees Turnaround In Chip Sales In 3rd Quarter Story 0134 (INTC-D, INTC, I/SEM, N/DJI, N/DJWI, N/EM, N/TEC, N/WEI, M/TEC...) SINGAPORE -(Dow Jones)- Semiconductor giant Intel Corp. says sales have begun to turn the corner in Asia. Last week, the company (INTC) said third-quarter sales in the region rose for the first time in a year, posting a 4% gain to $1.81 billion, helping Intel report record quarterly revenue of $6.7 billion. "People have gone through the 'This is terrible ... woe is me' phase," John Breslin, director of Intel's Asian operations, told Dow Jones. "I think we're beginning to see a return of confidence." Intel's sales in Japan in the latest quarter still declined 16% from the year-earlier period, but the rate of decline was markedly slower than in the previous two quarters, when sales plummeted by roughly a third or more. Strong sales in China and India, where economic growth is intact, combined with slender growth from South Korea and Southeast Asia, helped counterbalance the weak Japanese sales, Breslin said. Asian sales still have a long way to claw back to the days of triple-digit growth, however: In early 1997, Intel was raking in nearly $2 billion in sales from Asia, representing nearly one-third of its global revenue. Last quarter's recovery coincides with a recovery in Intel's world-wide revenue growth after two-consecutive lower quarters. While part of the recovery can be explained by a recovery in global sales of personal computers - many of the chips Intel ships to Asia end up in PCs exported to healthier markets in the U.S. and Europe - the importance of Asian demand to Intel's growth shouldn't be underestimated. As markets in the West mature and growth has slowed, Asia has contributed an increasingly large share to new sales, rising as high as 75% in late 1996. Copyright (c) 1998 Dow Jones & Company, Inc. All Rights Reserved. Additional Codes (P/DAA, P/DCO, P/DCZ, P/DEX, P/DSE, P/WWW, R/ASI, R/ASIA, R/CA, R/CH, R/FE, R/II, R/JA, R/NME, R/PRM, R/SK, R/US, R/USW)