found this on intels site.
New Intel(R) Celeron(TM) Processors Deliver Great PC Performance at Low Prices
Processors Are the First of Many Products for Low-cost PCs in 1999
SANTA CLARA, Calif., Jan. 4, 1999 - Intel Corporation today introduced two new processors that offer great performance at an exceptional value. The new Intel® Celeron® processors at 400 MHz and 366 MHz offer unsurpassed desktop PC price/performance, and they enable PC users to handle everything from the Internet to educational programs and interactive games.
"The new Intel Celeron processors offer outstanding performance at great prices," said Paul Otellini, executive vice president, Intel Architecture Business Group. "These processors are the first of many new low-cost PC desktop and mobile products from Intel in 1999, and they help reinforce Intel's leadership in this market segment worldwide."