Craig Barrett Investment Quotations

The communications part of the business is still weak and suffering from what is a combination of over investment and a recessionary trend,

Micron is one of the industry leaders with a new generation of products and leading-edge manufacturing technology. Our goal in making this equity investment is ensuring an adequate supply of memory components, particularly Direct RDRAM. This is a significant strategic investment that supports our microprocessor road map into 2000 and beyond.

The pace of technology innovation is accelerating. The investment demonstrates the company's long-term commitments and builds on the foundation we created during the last ten years. Through the Intel Capital India Technology Fund, Intel will help Indian companies drive technology adoption locally and identify new business opportunities globally. We will grow our local operations, boost venture capital investment and work closely with the government, industry and educators to increase the impact of the country's Information and Communication Technology.

I know we've seen relatively strong announcements of GDP growth in the U.S., but as far as I can tell, that hasn't translated into corporate profitability or corporate IT investment growth, ... I wish I had something better to tell you.