A variety of problems, both natural and artificial, hit chip manufacturer Intel as its chief executive Andy Grove attended the World Economic Forum at a Swiss ski resort.
Grove was away from his headquarters in Santa Clara, California, as news came from Wall Street of falling share prices and a plant in Albuqerque broke down for 18 hours following circuit problems.
Investors in Wall Street were nervous about the high level of Intel's share price, at $157, given that forecasts are likely to be adversely impacted by the arrival of different architectures in the space of a year, according to analysts. The share price dropped by $8 yesterday.
At the same time, Intel looked likely to antagonise its raft of networking partners as it slashed prices of network interface cards (NICs) by around 40 per cent.
Other Intel news flooded the US press as Grove continued his European jaunt, stopping off in London today to talk to 1,000 IT managers. Klamath came closer to reality as documents fell into US journalists hands, confirming details exclusively revealed by VNU Newswire three months ago.
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