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Technology Stocks : Intel Corporation (INTC)
INTC 35.94-5.1%3:59 PM EST
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To: gnuman who wrote (55567)5/15/1998 10:40:00 AM
From: TTOSBT  Read Replies (3) of 186894
 
Gene, Re: >"Full TK excerpts"<

Thank you Mr. Parrott for that article. In it they quote Mr. Krulak:

Quote:
"Specifically, Intel Corp. now has the capacity to make more micro processors than the market needs, he said."
Unquote.

The important think here is they have the capacity it doesn't say they will use it to glut the market.

Additionally the article states:

QUOTE
''Accordingly, it (Intel) has begun to lay off workers, reduce capital spending and has delayed a major new fab in Texas,''
Kurlak said.
UNQUOTE

QUOTE
Intel to start transitioning its microprocessor capacity from mostly 0.35 micron to all 0.25 micron by late this year. Because of
the smaller die size offered by this process, potential unit capacity will increase by about 50 percent, assuming four fabs are fully
operational on 0.25 micron and comparable yields, he said.
UNQUOTE

From the above two quotes one can see that first he says they are laying off workers then he states assuming four fabs are fully operational

Unless I am misunderstanding these statements he is both contradicting and assuming all this, (his words) "potential" negative. More importantly the market is selling off on this information! BUYING OPPORTUNITY YES! MARKET MANIPULATIONS YES!

TTOSBT
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