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

To: Tony Viola who wrote (80288)	4/30/1999 4:14:00 PM
From: puborectalis	Respond to of 186894

Tony..E-Commerce is HUGEEEEEE!........also look at IPO today(MRBA)..CEO: 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.'' Copyright 1999, Bloomberg L.P. All Rights Reserved.