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

To: Paul Engel who wrote (73900)	2/17/1999 10:47:00 PM
From: puborectalis	Respond to of 186894

ntel to introduce 550mhz Pentium III processors next week By Molly Williams BLOOMBERG NEWS SANTA CLARA — Intel Corp., the world's largest chipmaker, said it will unveil a 550 megahertz version of its new Pentium III processor next week and plans to spend $300 million to promote the Pentium III line. Intel was expected to unveil 450MHz and 500MHz versions of the new chip Feb. 26. Intel's fastest chips today run at 450MHz and cost as much as $3,692. Intel Chief Executive Craig Barrett made the announcement at the company's Pentium III preview day in San Jose, California, where software and computer makers are showing off new applications that take advantage of the Pentium III's speed and advanced multimedia capabilities. Intel said this was the biggest product kickoff it's ever held. Santa Clara, California-based Intel is pushing the transition to the new, faster and more powerful Pentium III, which includes added instructions that make video and graphics better. Intel, whose chips run about 85 percent of the world's PCs, hopes to provide more reasons for people to buy new PCs and boost demand. PC sales growth has slowed in the past two years as more than half of households have PCs and people don't see reasons to buy new ones. The Pentium III chip ultimately will replace the company's Pentium II processors, and future Pentium III Xeon chips will replace the existing Pentium II Xeon processors. Intel shares fell 1/2 to 125 7/8 in midafternoon trading.