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Technology Stocks : Intel Corporation (INTC)
INTC 36.66+1.3%3:59 PM EST

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To: Amy J who wrote (182891)12/13/2005 8:45:46 AM
From: Dan3  Read Replies (2) of 186894
 
Re: I also noticed Intel was reducing capex from earlier guidance.

And they're starting to borrow money.

Intel is clearly expecting the coming year to be a very tough one. They likely hope 2007 or 2008 will see things looking better.

But between cutting capex and borrowing money you'd have to be blind to not see that Intel knows this coming year is going to be a tough one.
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