John, I got the Andy Bryant interview on CNBC, and Mary Cluney, he was very upbeat, even could say HOT:
Sue Herrera: good Q, but what do you need to do to do better.
Andy: we had a very good quarter. GMs up 3%, cost reductions kicking in, etc. He didn't say but if this, or but if that, just that it was a very good Q.
Sue: we heard you could have shipped more if you could have built more, nice problem to have.
Andy: We're doing something about it, spending 5 billion in capital in 2000 vs. 3.5 B in 1999, mostly to add manufacturing capacity.
Sue: the street expects more of you going forward. Are you going to meet expectations?
Andy, well, we spent 6 billion in acquisitions last year for network, wireless and comm companies, and expect them to EXCEED 50% growth going forward. Intel has invested heavily for the future.
Sue: any comment on what rising interest rates might do? Andy: have to improve productivity, automate more, do other things to make up for it.
Andy did good.
Tony |
