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Technology Stocks : Intel Corporation (INTC)

INTC 40.56

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Nov 28 9:30 AM EST

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To: Paul Engel who wrote (69535)	12/7/1998 3:54:00 PM
From: Khris Vogel	Read Replies (1) of 186894

Harry - Re: "Section Charles Clough of ML stated that Intel announced a 40% cut in capital spending in the last couple of weeks. " The only thing I recall is several comments by Intel indicating they intend to REUSE 70% of existing process equipment in existing fabs as they transition to the next smaller process. Andy Bryant, who made these comments, was EMPHASIZING Intel's new focus on COST REDUCTIONS - NOT Expansion reduction. Thank you, Paul. That was my understanding, as well. I had already performed a search of news articles and press releases, trying to find anything that supported Clough's stmt., but didn't find anything in that regard.

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