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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 216.64

-2.0%

10:29 AM EST

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To: Ali Chen who wrote (50744)	9/2/2001 6:30:10 PM
From: ptanner	Read Replies (1) of 275872

Ali, Re: "What has happened to Intel's half-finished building frame in the middle of downtown Austin, TX?" Take the Money and Run Elizabeth MacDonald, Forbes Magazine, 08.20.01 Policy \| The rich incentives that cities give businesses to come to town work fine--until they don't. When Intel broke ground in March 2000 on a 10-story chip-design center in downtown Austin, the project was feted with a big, Texas-style barbecue--and $15.1 million in proposed subsidies from the city. A year later Intel pulled the plug. An eyesore of a concrete carcass now sits behind a chainlink fence crowned with barbed wire. Austin is a double loser in this deal. Not only is it stuck with an eyesore, but it's out the $450,000 in incentives it had given Intel (nasdaq: INTC - news - people). Lots of cities have Intel-type stories to tell.... Excerpt from: forbes.com (free membership required) -PT

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