Intel Corp president Andy Grove told the annual meeting that the company’s chip business remains strong and that it is ready to fight new competitors in the market place, Reuter reports: Our response to all these competitors has been to concentrate on getting better and faster products into the hands of our customers, Grove said, adding that Intel was meeting demand for the 80486 but dealer and customer inventories were tight; capital spending this year is now likely to hit $1,800m, up from the previously planned $1,600m; executive vice-president Craig Barrett said the next generation P6 microprocessor will probably be unveiled in late 1995 or early 1996; Intel holders also approved a two for one share split to take effect in June.
