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Technology Stocks : Vitesse Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: Scotsman who wrote (2280)	2/19/1999 12:07:00 PM
From: A. Edwards	Read Replies (1) \| Respond to of 4710

You are right on. Here is the excerpt: Feb. 18 (Bloomberg) -- Intel Corp., the No. 1 semiconductor company, may invest in a maker of computer-networking chips like Level One Communications Inc. or PMC-Sierra Inc. to expand its networking business, analysts said. Intel plans more networking purchases after agreeing to buy Internet-equipment maker Shiva Corp. for $185 million in October, Chief Executive Craig Barrett said in November. Intel gets less than 10 percent of its $26 billion in annual revenue from networking products. Level One and PMC-Sierra make chips with built-in communications features, used by network-equipment makers to save costs by reducing the parts in their gear. Taking a stake would give Intel products for a part of the chip industry that's growing faster than its traditional microprocessor market. ''Either one might be a good fit'' for Intel, said Ken Pearlman, an analyst at CIBC Oppenheimer who has ''buy'' ratings on Intel, PMC-Sierra and Level One. Officials at Intel, PMC-Sierra and Level One declined to comment.