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To: Paul Engel who wrote (68691)11/18/1998 2:00:00 AM
From: greenspirit  Read Replies (1) | Respond to of 186894
 
Paul, Article...Intel (INTC.O) sees potential in Egypt PC market....

November 18, 1998

CAIRO, Reuters [WS] : Egypt has one of the world's fastest growing personal computer markets and potential to develop the industry but it needs to curb smuggling, Intel (INTC.O) officials said on Tuesday.

''The growth here is very fast. It is spreading,'' said Rob Eckelmann, managing director of Intel's Europe, Middle East and North Africa regions.

He said Egypt had 600,000 installed computers. ''That number by the end of next year will be close to a million units.''

Intel officials were in Egypt to conduct a training seminar.

Eckelmann said Egypt's economic growth, estimated by the government at over five percent a year, was encouraging for the PC market but spending on information technology was still low.

''Currently (Egypt) spends half a percent of GDP on IT and the world average is about three times that,'' he said.

Gilbert Lacroix, Intel Middle East general manager, said Egypt needs to reduce taxes on computers to end smuggling.

He said Intel suggested to Egyptian ministers on Monday ways to develop the industry, such as with incentives like lower taxes and deducting the computer costs from revenue before tax.

''The total level of tax on PCs today is 20 percent. Because of that we know that people are smuggling,'' said Lacroix.

He said the market in Egypt is growing by 35 percent while other Arab markets are expanding at 20 to 25 percent.

Eckermann said: ''That places Egypt with China as the fastest growing PC markets in the world.''

Lacroix said Egypt's 62 million population and its late start in the computer business encouraged industry growth.

He said market potential was helped by the fact that a large percentage of the population was between 15 and 20 years old.

Lacroix said Egypt could soon be a major exporter of assembled computers. ''Around 65 percent of PCs sold in Egypt are assembled locally. So all these small businesses one day can emerge into big businesses.''

Intel is not currently planning manufacturing in Egypt.

''But we are doing a lot of investment in terms of computer education and training. We're making investments more in the local industries rather than Intel coming in with some presence from abroad itself,'' Eckelmann said.
_____________________________________________________________________

Let's just throw in another 10 million chip sales in a few years! :-)

Michael



To: Paul Engel who wrote (68691)11/18/1998 4:06:00 AM
From: Scumbria  Read Replies (1) | Respond to of 186894
 
Paul,

Barrett said until setting up a PC is as easy as
setting up a CD player, involving no more than
plugging in connectors and turning on the
system, there remains much work to be done in
the industry.


As long as Microsoft keeps cranking out garbage operating systems, PC's will not meet this standard.

Abort, Retry, Fail ?
(abort was the only one that ever worked)

An exception has occurred in module Kernel.exe at ......
(an application has brought down the operating system)

Windows has detected a newer version of 4f76fij.dll. Do you want to keep the existing version?
(if you do you are screwed, if you don't you are screwed)

In order to complete installation, you must now reboot Windows.
(a brilliant artifact of a registry based OS. install a new program and reboot your server.)

etc., etc.

Scumbria




To: Paul Engel who wrote (68691)11/19/1998 11:35:00 AM
From: Badger  Respond to of 186894
 
Related story...

zdnet.com

Latest tick on my screen is $113 3/16. I got my option grant at $83 3/8 two months ago - options are a great benefit, but they are performing better than I had ever hoped. 'Course I only have to stay here for another 58 months to vest 100 percent, but it's nice to look at the numbers.

Regards,

Badger