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

To: Mary Cluney who wrote (75757)	3/8/1999 2:24:00 PM
From: Ian Davidson	Respond to of 186894

From the WSJ Intel Corp. Dow Jones Newswires -- March 8, 1999 Intel Sees Pentium III Chips Replacing Pentium II In 1 Yr BEIJING (Dow Jones)--Intel Corp. (INTC) expects use of its new Pentium III processors to replace Pentium II chips in about one year's time, a top executive said Monday. "We aim to make our products obsolete all the time," said Albert Yu, Intel vice president and general manager of the company's microprocessor product group. "In a year or so Pentium III will replace Pentium II." In China to promote Intel's latest computer chip, Yu told reporters that the company is already working on the next two generations of products. In particular, Intel is trying to develop ways to make the Internet easier to use on hopes that the growing popularity of the Internet and services like electronic commerce will, in turn, stoke demand for Intel's processors, Yu said. "Today, getting on to the Internet is one of the important reasons why people buy computers," Yu said. China is still in the early stages of developing Internet use, Yu said. But he added that as one of Intel's fastest growing markets, China will become a pivotal region for the industry. "I see Internet usage (in China) exploding over the next couple of years," Yu said. International Data Corp., a U.S. research firm, estimates that the number of Internet users in China will reach 9.4 million in 2002, more than any other country in Asia, excluding Japan. China had 2.1 million Internet subscribers at the end of 1998, according to government figures. In line with those predictions, Intel Chairman Andrew Grove has said he expects that China will edge out Japan as the second largest computer market in the world, after the U.S. Yu added that he was encouraged by signs that the Chinese government is making Internet access easier and more affordable by recently cutting telecommunications charges by up to 50% and speeding up the construction of telecommunications infrastructure. Intel officials wouldn't give predictions on sales in China of the Pentium III processor, but stressed that the new chip is priced competitively and that its price will likely decline over time. The price difference between a 450-Megahertz Pentium II and Pentium III is about $20-$25, said John Davies, Intel vice president and Asia Pacific general manager. The 450-MHz Pentium III processor sells for $496, while the 500-MHz Pentium III processor sells for $696. Intel officially launched the Pentium III processor worldwide on Feb. 26. -By I-Chun Chen; 8610 6532-6652; ichen@ap.org