Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 35.53

-1.1%

3:59 PM EST

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To: Tony Viola who wrote (122763)	12/14/2000 12:59:15 AM
From: NITT	Read Replies (2) of 186894

re"38% spending cut" Even if the numbers are correct in the end, I would see it as a reduction from $5.5B target to $4.5B since they pulled in $.5B this quarter and therefore even if you believed spending was to be flat year to year you still have to account for the pull-in... it wasn't an over spend since they got what they ordered just earlier then originally promised and/or forecasted. So, my math says that's 18% vs 38% if you account for the pull-in in adjusting your numbers. Would love to know how this guy constructed his numbers since Intel has not discussed 2001 yet other than the 300mm deal in Ireland. Yes, it does impact EPS this year and next but the bottom line is how big a cut in the capital spend trend is really taking place... 18% seems reasonable if it get's you much more capacity from 300mm a year later and you believe you have sufficient capacity along with products that will go to 2GHz+ and your competition is just starting to struggle to keep up. Nitt

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