Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.66

+1.3%

Dec 29 3:59 PM EST

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To: COMMON_SENSE who wrote (138804)	7/7/2001 7:07:47 PM
From: Tushar Patel	Read Replies (3) of 186894

From the "Selected Cash Flows" section of the earnings release, you can see that in Q1, Intel spent 2.6B in capital spending. Stock repurchase was another 1B and acquisitions another 0.5B. The total for these 3 items exceeds 4B. If capital spending in Q2 ends up being on the same order as Q1, then in Q3 and Q4, it will drop to around 1.2B (we know the total for the year is to be ~7.5B). Intel can easily suspend the stock buyback. Between these 2 measures, it ends up spending 2.5B less per quarter. If they also rein in the cash acqusitions, it ends up burning 3B less per quarter for Q3 and Q4. No cash crisis. And we havent even added the cash that will get generated in Q2, Q3 and Q4. tushar

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