Intel CEO Craig Barrett delivered stock speech number three* in Seoul yesterday as he assured a spellbound audience that Korea's Internet economy should be worth $35 billion by 2004.

Barrett went on to claim that he expects Chipzilla's Q4 revenue to be up eight per cent, compared with four per cent growth in the previous quarter. He declined to comment on analysts' more pessimistic estimates for the fourth quarter and for next year.

The Pres added that Intel's new flash memory fab in Colorado Springs, delayed by a shortage of plumbers, is "relatively" close to being on schedule.

Asked about recent South Korean press claims that Intel was about to make an investment or enter into a partnership with Hyundai, Barrett said he didn't comment on rumours. ®

*Those Barrett stock speeches in full
1. A billion connected PCs by [insert year here]
2. Optimism about the long-term outlook for semiconductors
3. The Internet is growing at a fantastic rate in [insert country here]
4. All problems with Intel revenues are due to a slow European market
5. Visit my dude ranch