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Technology Stocks : Intel Corporation (INTC)
INTC 34.32-1.2%Nov 18 3:59 PM EST

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To: Jules B. Garfunkel who wrote (56621)6/2/1998 12:29:00 PM
From: Jeff Fox  Read Replies (2) of 186894
 
Jules, re:"how on one day someone at Intel wakes up and realizes that the CAD processors aren't going to be enough to make the Merced schedule on time"

Delays accumulate daily, but big changes happen as a result of midpoint program reviews. Obviously Intel just completed the most major these for Merced.

With the change Intel is telling us that the Merced program is now VERY solid. It is disclosing that the "experimental" programs are done; the physics, architecture and tool developments are complete. Intel is now operating on an detailed plan with estimates based on reliable expectations.

It takes a ton of courage to reset a major schedule, but it is FAR better to do it rather than suffer month to month schedule "creep". By doing the review the real issues may be addressed properly. The world will get a much better Merced product as a result of the change.

Jeff
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