The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (5068)	1/14/2004 5:02:42 PM
From: russwinter	Read Replies (3) of 110194

A general trashing after hours in the tech sector on a bunch of "so what, why are paying for those numbers" from INTC, APPL, and YHOO. This is the item that stood out to me though. Some capital spending boom: INTC's 3.8B mid-point 04 capex guidance versus 3.7B in 03. Think some analysts may have to sharpen some pencils about some of their expectations? I suppose more than a few have all ready been down these slippery slopes in prior cycles? Downgrades in the sector tomorrow? from INTC: "Capital spending for 2004 is expected to be between $3.6 billion and $4.0 billion, as compared to $3.7 billion in 2003. Intel's capital equipment spending is primarily targeted at 300-mm technology, which is providing the company with ongoing capital efficiency improvements."

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