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

To: Ibexx who wrote (80284)	4/30/1999 3:56:00 PM
From: Process Boy	Read Replies (1) \| Respond to of 186894

Ibexx and Intel Investors - Barrett on e-commerce and Internet business news.com Note at the bottom it is reported Intel may consider acquiring Internet companies along the way. Very interesting. PB ==================================================================== Intel e-commerce to hit $15 billion By Bloomberg News Special to CNET News.com April 30, 1999, 10:50 a.m. PT Intel expects sales from its electronic-commerce business to touch $15 billion this year as more buyers use the Internet to buy its products, chief executive Craig Barrett said. Santa Clara, California-based Intel unveiled its Internet business in the United States in July, and expects it to expand as it offers its products and services through this channel in other markets. Intel will introduce its e-commerce business in Western Europe and Asia as early as the end of the year. Barrett may consider buying up other Internet companies. "We've exceeded our expectations on how fast that business has moved,'' he said, at an event hosted by Singapore's National Computer Board, a government unit. "We're running at $1 billion a month today, which is about roughly half our turnover [and] the business will grow rapidly as we go through this year.'' Barrett's estimates for his company's Internet revenue puts it among the world's biggest e-commerce businesses. Market researchers predict that e-commerce revenue would reach $100 billion this year, but Barrett disputes this number. "I do not believe we will be 15 percent of the world's total,'' he said. "The estimate for the world is an underestimate.'' Intel may also buy Internet-related businesses to expand. "I really want to get a little operating experience before we expand too rapidly,'' he said. "If there are acquisitions along the way to help us, we'll consider them.'