Marion, sounds like Intel will be playing hardball again in the area of cost cutting. The only thing is that the article title "...massive cost cutting" sounds a bit sensational on the part CNET. Oh well, what else is new. No mention of job cuts in the article as part of the cost cutting. That's good. I don't like RIFs, and the street can react either way to them, i.e., as a sign of weakness, or that they'll be saving money and to the bottom line. Never know.
Quick article from the Mercury News, upcoming improving GM's mentioned at the bottom:
Last updated: Friday, Nov. 13, 1998, 8:30 p.m.
Reports compiled from Mercury News staff
writers and wire services.
Intel to boost speed,
performance of Celeron
Intel Corp. plans to introduce faster
versions of its low-cost Celeron
processors in the first half of 1999, as
the world's top computer-chip maker
aims to improve performance of
inexpensive personal computers, the
company told analysts Friday. Intel
also will integrate other chips to help
enhance graphics, audio, video and
memory into the Celeron, which will
run at speeds higher than 400
megahertz. A Celeron for mobile
computers will be introduced in the
first quarter of 1999. Intel also further
outlined its plans for cost-cutting to
keep its expenses down. Analysts
said cost reductions and savings on
materials will help widen Intel's
gross margin to as high as 55 percent,
compared with 53 percent in the third
quarter. |
