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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Tony Viola who wrote (101623)	3/26/2000 11:44:00 PM
From: Paul Engel	Respond to of 186894

Tony & Intel Investors - Intel is accelerating their Capital Equipment expenditures to help meet rising demand. "Intel Corp. has significantly increased its spending plans for the year as it seeks to boost its chip output amid booming demand in the computer industry. The company expects its capital spending to increase to $5 billion in 2000 from $3.4 billion in 1999, according to filings with the Securities and Exchange Commission. " Paul {=========================} 03/24 4:33P (DJ) Intel's Capital Spending To Soar In Push To Boost Chip Output Story 0646 (INTC-D, INTC, I/SEM, N/DJN, N/DJWI, N/WEI, M/NND, M/TEC...) NEW YORK -(Dow Jones)- Intel Corp. has significantly increased its spending plans for the year as it seeks to boost its chip output amid booming demand in the computer industry. The company expects its capital spending to increase to $5 billion in 2000 from $3.4 billion in 1999, according to filings with the Securities and Exchange Commission. Santa Clara, Calif.-based Intel (INTC) is likely to focus spending on developing its new generation of microprocessors. In January, the company said it would build a $2 billion chip factory in Arizona that will be Intel's first to make 300-millimeter wafers, or 12-inch silicon disks that are processed and sliced into individual chips. The factory, which will begin production in 2001 with copper-based 200-millimeter wafers, will make circuits with dimensions of 0.13 micron, or smaller than 1/700th the width of a human hair. The company also expects to increase spending on new facilities and equipment to boost output using its 0.18-micron process technology, according to the filing. Intel has been on a two-year spending spree, acquiring a slew of semiconductor designers and makers, as it strives to become a leading supplier of communications chips for the Internet economy. Earlier this week, Intel acquired privately held Basis Communications Corp. for about $450 million in cash and assumed options. Basis Communications designs and markets advanced semiconductors and other products used in equipment that directs traffic across the Internet and corporate networks. Last week, the chip giant inked a deal to acquire Giga AS, a unit of Danish industrial cable manufacturer NKT Holding AS, for $1.25 billion. Giga designs and sells semiconductors that route vast streams of data traffic through the core of heavy-duty optical networks. (Compiled from Dow Jones Newswires and other sources) Copyright (c) 2000 Dow Jones & Company, Inc. All Rights Reserved Additional Codes (P/DCO, P/DCZ, P/DEX, P/DSE, R/CA, R/NME, R/PRM, R/US, R/USW)