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

To: Paul Engel who wrote (114617)	10/20/2000 9:02:13 PM
From: Paul Engel	Read Replies (1) \| Respond to of 186894

Tony & Intel Investors - Intel's new fab in Colorado Springs is delayed - due to the shortage of Construction Workers ! "The opening of Intel's $1.2 billion chipmaking plant in Colorado Springs, Colo., has been postponed until next year because of a shortage of skilled construction workers. " Since Drew Pork and Jonathan Jokeseph downgraded Intel because of a potential overcapacity situation, maybe they should NOW UPGRADE Intel - since that capacity won't be "over expanding" as fast as they thought it would be ! Paul {=======================} Construction of Intel plant delayed by worker shortage By Bloomberg News October 20, 2000, 3:35 p.m. PT URL: news.cnet.com COLORADO SPRINGS, Colo.--The opening of Intel's $1.2 billion chipmaking plant in Colorado Springs, Colo., has been postponed until next year because of a shortage of skilled construction workers. 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 Denver Post said. The company discovered this week it wouldn't be able to finish a 120,000-square-foot clean room in time for the planned Thanksgiving Day opening. The delay won't affect the 806 workers, mostly technicians and 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. Copyright 2000, Bloomberg L.P. All Rights Reserved. Go to Front Door \| Enterprise Computing \| Search \| Short takes