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Politics : Idea Of The Day

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To: Cynic 2005 who wrote (12701)	10/25/1997 7:18:00 PM
From: Judy	Read Replies (2) of 50167

Intel clarifies plant delay explanation - Friday October 24 8:28 PM EDT SAN FRANCISCO, Oct 24 (Reuters) - Intel Corp said that it is delaying the opening of its $1.3 billion plant in Fort Worth, Texas due to a product switch at another plant in Israel, not due to weakening demand for flash memory chips. Intel said the plant in Texas was scheduled to make logic chips, which will now be switched to Israel, because the plant in Israel is closer to volume production. *********** Mohan, interesting that INTC clarifies their announcement as the stock closes on its 200-day mav, having dipped below it intraday on Friday. Let's see what happens when the technical buying dries up.

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