Formerly About Applied Materials Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials

AMAT 253.43

+2.0%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: michael97123 who wrote (47226)	5/24/2001 4:59:07 PM
From: Proud_Infidel	Read Replies (1) of 70976

Intel won't budge from $7.5 billion cap spending plan but nudges up 2-GHz processor By Mark LaPedus Semiconductor Business News (05/24/01 15:29 p.m. EST) SANTA CLARA, Calif. -- During Intel Corp.'s annual shareholders meeting here today, company officials stuck to their guns and continued to insist that the chip giant would invest a record $7.5 billion in capital spending this year despite the industry's severe recession. "The only way out of a slowdown is to invest," said Craig Barrett, Intel CEO. During the shareholders meeting, Intel officials also hinted that the company has moved up its schedule to introduce a 2-GHz Pentium 4 processor in the third quarter. Currently, the fastest version of Pentium 4 is a 1.7-GHz central processing unit. The 2-GHz speed grade of Intel's 0.18-micron CPU had been scheduled for launch at the end of the year, but Intel is apparently accelerating its efforts to compete faster processors from rival Advanced Micro Devices Inc. For a number of months, analysts have speculated that Intel would cut back its capital spending plans as the chip industry slipped further into its deep downturn. But the Santa Clara company said it has not cut back from its $7.5 billion target. Intel's capital spending budget last year was $6.7 billion, a 96% increase from $3.4 billion in 1999.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next