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Technology Stocks : Vitesse Semiconductor
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To: Bulldozer who wrote (2189)1/13/1999 12:12:00 AM
From: Robert Schwartz  Read Replies (1) of 4710
 
Bad news for ATE in Intel Earnings:

I clipped the attached verbiage from a Reuters story on Intel earnings:

"While good news for Intel investors, Intel's forecast that it planned to cut capital spending to $3 billion this year from $4 billion last year could hurt makers of semiconductor equipment, such as Applied Materials Inc., Lam Research Corp. and others.

Intel Chief Financial Officer Andrew Bryant said the company would pare spending on test and measurement equipment and on new buildings, among other areas. He added that Intel shipped less of its low-cost Celeron processors than it had expected, but that demand for its higher-end, more expensive Pentium II chips was far more robust than it had forecast."

Does anyone know whether Intel buys ATE from VTSS?
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