Compaq Message Board - Msg: 15722072

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Technology Stocks : Compaq

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To: MeDroogies who wrote (90936)	4/26/2001 3:51:15 PM
From: Elwood P. Dowd	Read Replies (2) of 97611

Intel Down Following CEO Comments By TSC Staff 4/26/01 3:46 PM ET Microprocessor giant Intel (INTC:Nasdaq - news) was down 0.5% in late afternoon after its CEO reaffirmed plans $7.5 billion in capital expenditures as well as $4.2 billion in R&D, surprising some analysts who thought the company would step back from that pledge in light of the downturn in PC demand. Intel said it wants to be well positioned when sales regain momentum. The company also said its Pentium 4 processor is on track for a third-quarter release, and added that it expects a upturn in sales in the second half of the year.

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