Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: D. Swiss who wrote (108180)	3/8/1999 11:32:00 AM
From: Boplicity	Read Replies (1) \| Respond to of 176387

My post is bigger then yours is Drewster; Intel Says Pentium III Chip Sales 'Slightly Ahead' of Plans Intel Says Pentium III Chip Sales 'Slightly Ahead' of Plans Beijing, March 8 (Bloomberg) -- Intel Corp., the world's biggest producer of computer chips, said global sales of its new Pentium III chips are ''slightly'' ahead of expectations. ''Sales are exactly what we expected, actually slightly ahead of what we (thought),'' said Albert Yu, a senior vice president for the company. ''It's doing extremely well.'' Intel is banking on strong sales of its powerful new chips to offset plunging prices for its low-cost Celeron and Pentium II chips. The Santa Clara, Calif.-based company cut prices on Pentium II chips by as much as 20 percent on March 2, several days after launching the Pentium III chips. Intel cut Celeron prices 24 percent on Feb. 8. In January, Intel said it expected first-quarter sales to fall from the fourth quarter's $7.61 billion. ''What we said in January was that Q1 will be seasonably down from Q4,'' Yu said. ''That's still what our current view is.'' Networks Yu said the company will keep seeking to expand into network technology to tap more directly into the growth of the Internet. Last week, Intel agreed to buy Level One Communications Inc. for $2.11 billion. The purchase of Level One, a producer of communications chips sold to network-equipment makers, was Intel's largest acquisition in the company's 31-year history. Yu said the company may buy more companies involved in Internet-related services to complement Intel's computing and network devices. He declined to comment on likely acquisition targets. Yu, who was visiting China to promote Intel's newest chip, said Pentium III chips are selling ''extremely well.'' A number of software producers are already writing programs in Chinese to run on the new processors, he said. ''Over the long term, we're very, very bullish on China,'' Yu said. Intel has already invested in manufacturing, a new research center in Beijing, and in Sohu, a Chinese- language search engine for the Internet. Last year, China's PC sales rose 29.5 percent, the second- fastest growth in Asia behind only India's 31.5 percent jump, industry researchers International Data Corp. reported. Chinese vendors sold 3.929 million PCs, accounting for 37 percent of total PC sales in Asia, excluding Japan, IDC said.