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

To: GVTucker who wrote (110850)	9/22/2000 3:17:35 PM
From: Gary Ng	Read Replies (1) \| Respond to of 186894

GVTucker, Re: Taking that a few months further, though, there was yet another warning in August of that year, perhaps early September, that sent Intel into a swoon that took about a year to recover. That I believe is the cause for the subsequent cost cutting measure including reduction in capacity expansion which result in the capacity constrain throughout the last 12 months or so. gary

To: GVTucker who wrote (110850)	9/22/2000 5:07:28 PM
From: Paul Engel	Respond to of 186894

GV - Re: "Taking that a few months further, though, there was yet another warning in August of that year, perhaps early September, that sent Intel into a swoon that took about a year to recover." Nope. That August SWOON was due to a Tom Kurlak DOWNGRADE. Then in October 1997, Intel announced the delay of Fab 16 in Texas (subsequently cancelled). That sent Intel's stock tumbling amid wild rumors and speculation. A few days later, Intel announced the settlement with DEC, which included the purchase of DEC's Hudson fab - most likely the original reason for the Texas Fab 16 delay announcement. As all this was happening, South East Asia was rapidly sliding into a financial crisis which worsened - then spread - until Ocotober, 1998. By the way - in case you hadn't notice - Intel recovered nicely - sales and profits - since 1997. Paul