Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (118455)	12/7/2000 4:49:42 PM
From: Lane Hall-Witt	Read Replies (2) of 120523

Be careful if you're trading any semi-equipment stocks right now: CNBC just reported that INTC's capital spending for next year will be $6.5 billion, rather than $6.0 billion as originally projected. This spiked AMAT et al. As I read the press release, I think INTC is actually saying that it spent $6.5 billion in 2000 -- meaning, I think, it's a report of past capital spending and not a projection of forward capital spending. If I'm reading this correctly, I'd say it raises the risk that INTC overinvested in capital development and thus is more likely to reduce its capex spending going forward. Read the PR yourself and watch your screens closely to make sure the market doesn't "figure it out" and spike them back down. biz.yahoo.com

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