Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Zeev Hed who wrote (1111)	10/22/2001 10:58:54 AM
From: martin001	Read Replies (1) of 99280

Zeev any thoughts on the INTC capex 2002? They announced this morning that Capex would be 10-20% less than 2001. Would make that around 6.5 billion. This news caused the rally in INTC and rest of chips and the reason for the turnaround this AM. Apparently this reduction in spending is less than was projected. 2001 Capex was much talked about this year and one of the reasons for supporting the SOX. What do you think of this 2002 number? M

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