Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.15

-0.6%

Dec 24 12:59 PM EST

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To: Dan3 who wrote (154293)	1/8/2002 2:48:34 PM
From: Paul Engel	Read Replies (2) of 186894

"Although better than expected demand for P4s has caused a short-term supply shortfall, it is our impression the company believes it has sufficient capacity coming on-line in 2002 to meet current projections, especially with two 300mm fabs, D1C (Oregon) and F11X (Arizona) coming up in 1H and 2H, respectively. In addition, we have heard the company has restarted Fab 24, in Ireland, for 2003. As a result, we would expect overall capital spending to drop from about $7.5 billion in 2001 to about $5.5-6.0 billion in 2002, with equipment spending to be slightly down. " Copyright Salomon Smith Barney

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