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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Paul Shread who wrote (8006)5/24/2001 10:02:23 PM
From: stomper  Read Replies (1) of 52237
 
Paul, I couldn't find the Niles transcript on CNN's site, but here is another analyst saying approxiamately the same thing:

Although Intel is not reducing its plans to spend $7.5 billion on capital equipment this year, the company already spent 36 percent of that in the first quarter, Tucker Anthony analyst Gerald Fleming wrote in a research note released Wednesday. Fleming believes Intel has already ordered another 32 percent of its planned 2001 expenditures for delivery in the second quarter, which suggests that second-half spending could plummet.

And as the maker of computer processors rapidly plows through its budget, a big manufacturer of chips for wireless phones is doing the same. Texas Instruments, a maker of digital signal processors--technology that improves the transmission of digital communications--cut its 2001 spending to $1.8 billion, with half of that already spent in the first quarter.

"Together with Motorola, which last week announced plans to cut spending to $750 million from $2.4 billion last year, these announcements appear to mean that the three largest domestic equipment buyers will probably reduce spending by 50 percent to 80 percent in the second half of 2001," Fleming wrote.

news.cnet.com
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