John
barret commented a bit :-(( and do not blame me for the report, I did not write it
.........................
* With regards to the capex plans of $7.5B for this year, Craig Barrett was
quoted yesterday We haven't changed guidance. We'll watch what goes on in the
next 3 to 6 months, and then if we don't see any improvement at that time,
we'll seriously look at both the installed infrastructure we have plus what
we want to spend on investment next year. This is somewhat different than
earlier statements about spending their way out of the downturn.
...................
* Intel is currently simply struggling to stay afloat during this economic
downturn, said Barrett. As will there stock price and investor confidence
in a 2H pickup, we believe.
......................
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Company Description : Intel is the largest manufacturer of semiconductor
devices in the world. Intel`s principal products are microprocessors that
serve as the CPUs of IBM compatible personal computers.
Malcolm R. Shu (1.415.274.5361) - mshu@lehman.com
------------------------------------------------------------------------------
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