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Technology Stocks : Intel Corporation (INTC)
INTC 50.59+4.9%Feb 6 9:30 AM EST

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To: Gary Kao who wrote (4871)11/6/1996 11:11:00 PM
From: exhon2004   of 186894
 
Gary Kao:

re your "Intel's press release today after close also referred to decrease in capital outlays b/c of "construction delays". This sounds bad!"

Why did this sound bad to you? More free cash. Hey intc is not cash strapped and I think they've proven they know when to increase production.

I don't recall all of the details but intel said the decrease included deferring capital for a new facility to house administration types. I'm all for not spending money on non-revenue producing assets.

Best Regards

Greg Gimelli

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