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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Lone Star who wrote (34741)	4/10/2000 9:30:00 AM
From: Jeffrey D	Read Replies (1) \| Respond to of 70976

Way to go Intel! Jeff << Intel to Double Spending This Year, CEO Barrett Says (Update1) By Hiroshi Suzuki Tokyo, April 10 (Bloomberg) -- Intel Corp. will almost double capital spending to meet expanding demand for microprocessors and flash memory as the popularity of mobile telephones worldwide continues to grow, Chief Executive Craig Barrett said. Barrett said Intel, expected to be the industry's top spender this year, will spend $6 billion, up from $3.4 billion last year and higher than the $5.0 billion the company had earlier forecast for this year. Of the $6 billion, about 80 percent will be used to increase the production of microprocessors with the remainder for flash memory chips and chipsets, he said. Chip-equipment suppliers have seen surging orders from Intel in recent weeks, analysts said. The chipmaker's lengthy project list includes plans to install equipment for a test line in Oregon and refurbish a New Mexico plant. Intel will convert one plant in Colorado into a test facility, and equip another to make flash memory, logic chips and other communications and networking gear. ``We are forecasting a shortage in (microprocessors and flash memory) in 2000 and next year,' Barrett said at a news conference in Tokyo where he earlier attended a forum outlining the chipmakers' electronic-commerce strategy in Japan and worldwide. At the forum, Barrett committed himself to raise the company's presence in e-commerce businesses worldwide by providing more advanced models of servers to manage data transactions between a company and its clients and to manage internal data transactions. Intel, whose shares have increased 66 percent this year, on Friday rose 7 to 136 13/16.