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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Jerry Olson who wrote (42200)1/14/2003 4:31:49 PM
From: Paul Shread  Read Replies (1) of 52237
 
I don't recall INTC raising capex after it's been set.

16:24 ET Intel sees 2003 gross margin of 51%, capex lower than expected (INTC) 17.79 +0.41: -- Update -- Co sees gross margins for Q1 at 50% and expects 2003 to be about 51%, plus or minus a few points (compared to 50% in 2002); capex is expected to be $3.5-$3.9 bln, vs Street expectations of about $4 bln and compared to $4.7 bln in 2002.

IBM and MSFT are more important anyway. As I said earlier, INTC hasn't been a growth story in 5 years.
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