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Politics : Formerly About Applied Materials

AMAT 295.83

+4.1%

Jan 6 3:59 PM EST

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To: advocatedevil who wrote (58869)	1/15/2002 11:57:52 PM
From: StanX Long	Read Replies (1) of 70976

From this it sound that R&D is up, overall CapEx down, but 1 billion of the reduction is in building not equip. Is that how you see it? Stan You posted 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.

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