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Technology Stocks : Intel Corporation (INTC)
INTC 33.62-4.2%Nov 20 3:59 PM EST
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To: David S. who wrote (44193)1/6/1998 7:03:00 PM
From: Joe NYC  Read Replies (2) of 186894
 
David,

Intel undoubtedly has very careful plans for such expenditures and they must know it is there in earnings even if they haven't told us yet.

Here is a quote from recent Business Week article:

'It's a risk to go out and spend billions of dollars on these manufacturing plants,'' concedes Intel President Craig R. Barrett. ''But if we didn't, we couldn't possibly reap the benefits. We're going down the road at 150 miles per hour, and we know there's a brick wall someplace, but the worst thing we can do is stop too soon and let somebody else pass us.''

Joe
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