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Bloomberg News

No Y2K Disruption, Intel Says: Intel Corp. said it expects no slowdown in sales related to customers’ worries about the year 2000 computer problem. It also doesn’t expect production to be disrupted by last month’s earthquake in Taiwan, Intel executives said on a conference call with analysts that was broadcast on the Internet. “We see little to no year 2000 impact on our business,” Executive Vice President Sean Maloney said.

The company also said it will meet all commitments to sell chips to customers, even though supplies of the products are tight because of rising demand for personal computers. Sales of PCs are stronger than expected right now, Intel executives told analysts, and that’s putting pressure on the company to produce enough microprocessors.

Intel shares fell on Wednesday amid concern that the company might not be able to meet demand for its chips. On Thursday the stock rose $2.75 to $72.19 on Nasdaq before the Y2K comments.

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