Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 309.40

+1.0%

Dec 5 4:00 PM EST

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To: Gottfried who wrote (6176)	10/15/2002 4:23:20 PM
From: Kirk ©	Read Replies (2) of 95530

Intel Capital Budget from biz.yahoo.com Capital spending for 2002 is expected to be approximately $4.7 billion, lower than the previous expectation of between $5.0 billion and $5.2 billion. The majority of the spending reduction is being driven by cost savings within ongoing construction projects. In addition, the company is slightly reducing its fourth-quarter equipment spending by re-using certain equipment from older process technology. I BELIEVE this is good news as people were expecting Intel to lower capx spending so the news that is is a slight reduction is good considering how much the equip stocks have fallen.

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