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Technology Stocks : Intel Corporation (INTC)
INTC 48.80+5.0%Feb 2 3:59 PM EST
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To: Tony Viola who wrote (155650)1/16/2002 8:35:47 AM
From: Dan3  Read Replies (1) of 186894
 
Re: is what caused the anomaly of what was seemingly too much capex in 2001, and not enough in 2002.

$5.5 Billion per year is still way above what they spent prior to Athlon pushing them, and somewhat above what is recognized each quarter as capitol costs.

In the last two quarters of 1999, revenue was roughly the same as this year's, and capex was running at rate of about $3 Billion per year.

Capital costs are still only being recognized at a rate of $4.4 Billion per year. When considering what "PRO Forma" adjustments should be made when reviewing earnings, consider that $4.1 Billion in capital spending was recognized as costs this year, while $7.3 Billion was actually spent.
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