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Dr. Andrew S. Grove, Ceo, Intel Corporation, Warns European Leaders Of Potential ‘Technology Deficit’

DAVOS, Switzerland, February 3, 1997 — Intel President and Chief Executive Officer, Dr. Andrew S. Grove, in his opening plenary session speech at the World Economic Forum in Davos, Switzerland, today advised European government and business leaders to take advantage of their existing infrastructure and substantial investments in information technology (IT) as a competitive tool in the race towards globalization. He said that without significant national programs and incentives towards increased utilization of existing technology, IT investments alone would not be enough to maintain competitiveness with emerging markets.

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