Intel Press Release

Intel Awards Scholarship To Hispanic Association Of Colleges And Universities

Award Won by Intel Chairman and Chief Executive Officer Andy Grove Will Benefit Hispanic College Students

SANTA CLARA, Calif., October 27, 1997 -- An award given by CIO magazine to Dr. Andrew S. Grove, chairman and chief executive officer of Intel Corporation, will end up benefiting Hispanic college students. In its 10th anniversary issue, dated September 15, 1997, CIO magazine announced a set of awards to the "Leaders of the Information Age." The thirteen honorees profiled in the story -- including Grove -- were called "visionaries [who are] conceiving, building and delivering the technology that will propel business into the next millennium." In order to recognize the contributions of these leaders and the promise of the next generation of visionaries the magazine awarded an annual $10,000 grant or scholarship to each individual or company to be given in turn to the educational institution of their choice.

According to Joe Levy, president of CIO Communications, Inc., "Intel is one of a handful of companies that have set the parameters and the possibilities of the information age CIO magazine will make the awards each year and has set up a $1,000,000 scholarship fund to finance the grants. Each year the magazine will add to this year's original list of thirteen award winners. Current leaders would fall from the list only as a result of business conditions beyond their control, e.g. acquisition of the company.

Intel's Grant to HACU
The award presented to Grove will be given in the name of Intel Corporation to the Hispanic Association of Colleges and Universities (HACU). The $10,000 annual scholarship will be designated to support a deserving student majoring in Electrical Engineering or Computer Science at HACU member institutions. The scholarship will be presented on October 27 during the HACU Annual Meeting at the Hyatt Regency in San Antonio, Texas. Antonio Flores, president of HACU, will accept the award from Intel on behalf of HACU. Abbie Lundberg, editor in chief, will speak on behalf of CIO magazine. Intel's representatives at the awards ceremony will be Margie Diaz Kintz, manager of corporate contributions, and Nancy Soto, academic relations manager in Puerto Rico.

"We appreciate Intel's designation of this $10,000 scholarship to HACU to benefit Hispanic college students at our member institutions," said Flores. "HACU has enjoyed tremendous support from Intel as one of our key corporate supporters over the years, and we welcome this newest level of support that will help our best and brightest Hispanic students complete their studies."

About HACU
Founded in 1986, HACU is dedicated to improving access to and the quality of post- secondary educational opportunities for Hispanic students. This year HACU has 192 dues-paying affiliated institutions (112 Hispanic-Serving Institutions or HSIs, 66 associate members and 14 international members) located in 12 states, Puerto Rico and five countries. The organization carries out this mission by working to promote the development of nonprofit, accredited colleges and universities where Hispanics constitute a minimum of 25 percent of the enrollment at either the undergraduate or graduate level.

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