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Technology Stocks : Intel Corporation (INTC)
INTC 40.34-2.6%Dec 8 3:59 PM EST
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To: Raymond Thomas who started this subject4/3/2002 12:38:18 PM
From: tcmay  Read Replies (3) of 186894
 
Will Intel be affected by escalating war in Israel?

I don't see much discussion here of the implications of the suicide bombings, the deteriorating travel conditions, and the departure of many Americans from Israel.

Suicide bombers are hitting nearly every day, in Jerusalem, Haifa, Tel Aviv, etc. CNN is reporting that battles are breaking out on the northern border. The University of California is evacuating its foreign program students out of Israel. CNN shows the streets of Jerusalem nearly empty, with many residents staying home and finding ways to work out of their homes.

I figure this must be having ripple effects on American companies with facilities in and around the major cities.

While Intel's design facility in Haifa and fab facilities are probably well-guarded, with concret barriers (I presume) and strict controls on who enters the buildings, the "general situation" must be having some effect on productivity or morale...or travel into and out of Israel by other Intel employees. (I know if I were an American being sent to Israel I'd expect combat pay. I'm only slighly joking.)

Any insider comments on how Intel is dealing with this situation?

(If anyone says "It's just business as usual," I'll assume he's out of the loop, as Intel _must_ be treating the security situation very seriously.)

--Tim May
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