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Politics : Formerly About Applied Materials

AMAT 217.05

-1.5%

10:21 AM EST

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To: shane forbes who wrote (19458)	5/14/1998 2:34:00 PM
From: David Aegis	Read Replies (1) of 70976

Intel recently revised its cap ex plans down for 1998 to $5.0 billion from a previously-announced level of $5.3 billion. Since the $5.3 include the DEC Alpha acquisition for $700 million, the adjusted figure (as revised) of $4.3 billion is less than last year's spending of $4.5 billion. But those figures include both plant and equipment, so it's still unclear whether Intel's equipment orders will be up or down this year. But since not much brick and mortar is being put in place, I would assume a higher than historical percentage is going to go to equipment. But the equipment companies I follow all say that Intel has cut back pretty dramatically... --David

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