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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who started this subject	11/16/2001 10:31:35 AM
From: peppe51	Read Replies (1) of 436258

Rumors about INTC layoffs: . Briefing.com is hearing from sources at Robertson Stephens that the firm believes semiconductor heavyweight Intel (INTC -0.4%) is in the process of laying off 8-10% of its workforce. The firm believes this will contribute to an expansion in gross margins and may be a slight positive though the firm is cautious on the stock overall. Nonetheless, we would note that the market may view layoffs as an indication that Intel's fourth quarter uptick in business will not be sustained. In either case, the stock is posting a modest loss at this point in the session while the SOX has edged into positive territory with a 0.1% intraday gain.

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