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

To: greg s who wrote (79695)	4/22/1999 4:26:00 PM
From: GP Kavanaugh	Respond to of 186894

Usually I lurk, but I figured I should throw out some info every now and then to justify my presence. Here is some stuff from the analysts meeting: (I didn't know how to post to all) =Intel: Chip Prices Stayed Constant Over Last 7 Qtrs >INTC By Christopher Grimes NEW YORK (Dow Jones)--Intel Corp. (INTC) executives tried to highlight the company's increasing diversity at a spring meeting with Wall Street analysts here, showing off its place in new strategic areas like networking, handheld Internet devices and very high-end servers. "Job one is to be the building block supplier of the Internet economy," said Craig Barrett, Intel's chief executive officer. Barrett said the company's fledgling networking business - an industry most commonly associated with companies like Cisco Systems Inc. (CSCO) and 3 Com Inc. (COMS) - is growing at a rate of more than 50% a year. He said Intel is increasingly targeting telecommunications companies and Internet service providers as customers, since these industries represent the on-ramps to the Web. "We want to make the Intel architecture the platform on which all of these (data networking) technologies run," Barrett said in his opening remarks. Illustrating how quickly Internet commerce is expanding, Barrett said Intel's own sales over the Web should reach between $10 billion and $15 billion in 1999. Highlighting a popular concern among Wall Street analysts, Paul Otellini, executive vice president in Intel's architecture business group, said average selling prices for the company's computer chips have remained about constant for the last seven quarters. This is happening even as prices for PCs have plunged due to its increasing presence in computer servers, which carry higher profits than PCs. (MORE) DOW JONES NEWS 04-22-99 01:46 PM - - 01 46 PM EDT 04-22-99 =Intel Meeting -2: Making Case For Web Around All Products Analysts described the tone of the meeting as bullish, noting that Intel is making a convicing Internet argument around every aspect of its business. Sean Maloney, senior vice president of sales and marketing at Intel, said Western Europe is likely going to be the biggest Internet opportunity in the next few years. He said Europe is only now catching onto the Web, and should equal the U.S. in Internet users within three years. Intel also gave substantial evidence that its chips increasingly won't be tied solely to Microsoft Corp.'s (MSFT) software. The company's upcoming Merced chip, a joint development with Hewlett-Packard Co. (HWP) that will run very large computers, is already capable of running eight software languages, CEO Barrett said. That list includes Linux, the free operating system that is becoming a popular alternative to Microsoft's NT language. Merced, expected to go into production by the middle of next year, is in the final stages of circuit design and samples should be sent out to customers in the next several months. Barrett also noted that the StrongArm chip, acquired from the former Digital Equipment Corp., will run on Microsoft's Windows CE, but should also become optimized for Linux and other operating systems. The StrongArm chip, which uses power more efficiently than Intel's other chips, is expected to run small, handheld devices that can connect to the Internet remotely. Intel also highlighted its new business group, a small division that is developing new Internet-based products. This division has a $50 million internal venture capital fund and is working on Internet-connected consumer products, like a digital photography initiative with Eastman Kodak Co. (EK) or toys with Mattel Inc. (MAT). (MORE) DOW JONES NEWS 04-22-99 03:19 PM - - 03 19 PM EDT 04-22-99 GP