By Julian Goldsmith, 30 July 2001 08:10
NEWS Intel chief Craig Barrett has painted a gloomy picture for the telecommunications sector, but is optimistic about computing. The president of the world's largest chipmaker told CNN today that he does not see the current price war between semiconductor companies as excessive, even though demand across the world has weakened, because he sees sales picking up in the "back-to-school season and holiday buying at the end of the year". The telecoms sector still suffers from over investment and will be unable to buck the overall recessional trend in the US, Barrett said.
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