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

To: Paul Engel who wrote (114612)	10/21/2000 5:16:38 PM
From: tejek	Read Replies (3) \| Respond to of 186894

Paul, Any idea what this is about? The article states that the project is slowed due to a shortage of workers. However my experience in development has been that in a tight labor market you make sure you pay your general and subs on time. My concern is that demand for the type of flash manu. by Intel has slowed. Any comments? ted ____________________________________________________________ quote.bloomberg.com. Intel Delays Opening of Colorado Chip Factory, Paper Reports By James Gunsalus Colorado Springs, Colorado, Oct. 20 (Bloomberg) -- The opening of Intel Corp.'s $1.2 billion chipmaking plant in Colorado Springs, Colorado, has been postponed until next year because of a shortage of skilled construction workers, the Denver Post said. While there are about 3,000 construction workers employed at the site, a tight labor market has made it difficult to find qualified electricians, plumbers and other workers. The company discovered this week it wouldn't be able to finish a 120,000- square-foot clean room in time for the planed Thanksgiving Day opening. The delay won't affect the 806, mostly technicians administrators, hired to work at the 500,000-square-foot plant, which will make chips for devices like MP3 players and cell phones. Because of the aggressive 12-month construction schedule and size of the project, Intel has been late in payments to some subcontractors. One of the 120 has quit the project. Most of Intel's plants take 18 months to build, the paper said, citing Intel spokeswoman Diana Daggett. credits: ZakZip, TMF