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Politics : Formerly About Applied Materials

AMAT 268.87

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Jan 2 9:30 AM EST

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To: Tito L. Nisperos Jr. who wrote (58861)	1/15/2002 11:16:15 PM
From: advocatedevil	Read Replies (1) of 70976

More detail on Intel's capex reduction: Intel today also said it has set capital spending for 2002 at $5.5 billion, down 24% from a record $7.3 billion in 2001. (The company had said earlier that it would spend $7.5 billion last year.) Intel has also set its R&D budget at $4.1 billion in 2002, up from $3.8 billion in 2001. About half of Intel's planned 2002 capital spending will be used for fab equipment purchases, with the majority of those tools being 300-mm wafer systems, said Andy Bryant, executive vice and chief financial officer. During a conference call with analysts today, the CFO said about one-third of the 2002 capital expenditures would be for buildings--a significant reduction compared to the prior year. "What comes down sharply is the construction--over $1 billion reduction there, and a little less than $1 billion reduction in equipment," he told analysts after the results were issued today. He also said Intel believes its 300-mm fabs will be more efficient than new 200-mm plants. "The capital spending for 2002 would have been in excess of $6.5 billion if we had not transitioned to 300-mm wafers," Bryant added. taken from: "Intel's Q4 sales reach $7 billion; 2002 capex lowered to $5.5 billion" siliconstrategies.com AdvocateDevil

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