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Technology Stocks : Intel Corporation (INTC)
INTC 40.03-1.3%Dec 1 3:59 PM EST
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To: Joe NYC who wrote (127967)2/21/2001 9:20:48 AM
From: semiconeng  Read Replies (2) of 186894
 
One thing I don't understand are the cost-cutting measures at Intel. With huge cash reserves, why not do the hiring and buying during the slump, and slow down hiring when it takes a bidding war to gain an employee?
I understand that marginal companies have to do it to survive, but why Intel?

Joe

Hiring somebody for High Technology costs extra whether or not there's a slump. You can't just go down to the local 7-Eleven and pick yourself up a new Process Engineer. There's still high competition between companies for experienced Technology people. The Projects that are critical to the immediate future success of the company are still being fully funded, but that doesn't mean that a company should go "Balls To The Wall" every time there's a slump. Capital Expeditures, Research And Development, and Construction of Fabs is proceeding as scheduled.

If your company experienced a drop in sales, and If interest rates dropped 1/2 a percentage point, would you go out and buy a new house just because you had the cash to do so? Or would you evaluate the NEED for a new house, or do you really NEED that new car, or maybe.... Just maybe.... you might hang on to the money you have in case things didn't get better right away?

Just because there's a sale on, and you have extra money doesn't mean you should spend it.

Semi
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