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Technology Stocks : Intel Corporation (INTC)
INTC 35.52-1.2%3:59 PM EST
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To: NITT who wrote (122767)12/14/2000 10:27:18 AM
From: Tony Viola  Read Replies (1) of 186894
 
Ever see that really bad TV ad for losing weight with the steroid short-haired blonde and a mantra of "stop the insanity"? Intel went from an average of 4 billion a year capex for, say 3 - 4 years, to 6.5 billion this year. I'd say back to 4 B sounds like the right thing. If it were cut to 1 or 2 B, it would sound drastic enough as to signal gloom looking forward from now to 3 years. I think they've stopped the insanity.

Tony
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