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

To: Little Gorilla who wrote (81554)	5/25/1999 6:26:00 PM
From: John Hull	Respond to of 186894

Apologies for posting text instead of link to copyrighted material. Intel, H-P To Disclose New Chip Architecture Wed. >INTC By Christopher Grimes 05/25/1999 Dow Jones News Service (Copyright (c) 1999, Dow Jones & Company, Inc.) NEW YORK (Dow Jones)--Hoping to get as many software programmers to support its next-generation chip design as possible, Intel Corp. (INTC) will post the genetic code for its IA-64 chip architecture on the Internet Wednesday. The design, which Intel is developing with Hewlett-Packard Co. (HWP), has been available only to select software designers such as Microsoft Corp. (MSFT) up until now. But Intel and H-P have decided to place the basic recipe book for IA-64 on the Web to encourage people to begin writing code for the chip now. Without a lot of software to support it, any chip - no matter how fast - is pretty much worthless. The expected action Wednesday comes only weeks after Intel established a fund to foster IA-64-compatible software. "It's likely they will pick up a few more developers" earlier by making the code public now, said Drew Peck, an analyst at SG Cowen & Co. The IA-64 design will be the basis for the long-awaited Merced chip and its progeny. (The 'IA' stands for 'Intel Architecture' and the '64' refers to amount of data that the chip can execute at one time. Intel's current processors are all 32-bit designs.) The move also shows that the chip's instruction set is stable enough for others to begin working with it, Peck said. This is significant, given the negative reaction last summer when Intel said there would be a six-month delay in the Merced rollout. Since then, the company has stuck to its revised schedule. Samples of the chips are expected to be built this summer, and Intel sees full production happening by the middle of 2000. Wednesday's expected move "is also a message to potential customers that this will be on schedule," Peck said. Earlier this month, Intel formed a $250 million venture capital fund called Intel 64 Fund LLC, with Compaq Computer Corp. (CPQ), Dell Computer Corp. (DELL), Silicon Graphics Inc. (SGI), Hewlett-Packard and NEC Corp. (NIPNY) acting as co-investors. -Christopher Grimes (201) 938-5253 (END) DOW JONES NEWS 05-25-99 05:08 PM

To: Little Gorilla who wrote (81554)	5/25/1999 6:36:00 PM
From: kash johal	Read Replies (1) \| Respond to of 186894

Little Gorilla, Re: "Also, anyone notice that INTC's PE ratio is below its growth rate?? What's that all about? It's like stocks are being sold willy nilly, for pete's sake." I think this goes to the heart of the problem. Significant top line growth may not materialize till later this year. Particularly if the price war spreads to the mid range parts. AMD is allegedly sampling K6III's at 500 Mhz and K7's up to 600Mhz range. And an additional price cut is due in a few weeks following on this months price cuts. And Cyrix is dumping product left and right as it exits the low end. In that scenario it is only likely that folks might take profits. I can see the price dropping into low 40's particularly if Q2 revenues are below expectations. At that time it will be a great buy. Once Cyrix gets out of the picture you should see a bang up Q4 and yr 2000. With the larger K7 and k6-3 die AMD can only ship perhaps 6M pcs in 4th qtr. So Intel should do very well in Q4 as they should soak up the 3M+ pcs Cyrix did in Q498. If I owned lots of Intel I would sell some short term out of the money calls for protection. I intend to buy in the mid 40's as longer term looks great from mid 2000 onwards. Regards, Kash