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Strategies & Market Trends : P&S and STO Death Blow's

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To: Justa Werkenstiff who wrote (10967)	10/15/2002 4:55:13 PM
From: stomper	Read Replies (1) of 30712

16:27 ET Intel capex cut driven by construction savings This is a good one: (INTC) 16.52 +1.42: -- Update -- It's notable that Intel says the majority of its capex reduction is due to cost savings with ongoing construction projects; Intel noted on its last earnings conference call that it could drive capex savings through savings on construction projects, and that appears to be the case here. There is an important distinction between capex savings due to reduced investment in new semi equipment and due to construction savings. The news here is not as bad for semi equip cos as it appears at first glance

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