John, >52 week low in sight, only 5 points or so away.
I just read that on the TXN thread.
So Intel is planning a new wafer fab for Egypt. I was thinking about the XLNX and ALTR downgrades today, and the reasons for them. What Niles is saying about XLNX and ALTR is, I think what Intel's main problem has been: customers, whether Europe or otherwise, double-bought when Intel (or ALTR or XLNX) was really strapped to make enough chips. Then, when things loosened up, they looked into their inventory, felt they had enough, and started slowing down or canceling orders. Carrying it further, makes it sound like maybe Intel's aggressive 6 billion dollar fab/assembly expansion plans might not all be needed. But, then they announce yet another new wafer fab for Egypt. So does that mean Intel still is capacity constrained? Or was Egypt in the budget? I'm confused.
Tony |
