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To: Dealer who wrote (24904)	12/14/2000 12:21:40 AM
From: Dealer	Read Replies (1) \| Respond to of 65232

INTC--Intel says it will delay new wafer fab in Ireland by a year By Robert Ristelhueber Electronic Buyers' News (12/13/00, 03:35:47 PM EST) Intel Corp. today confirmed reports that it would delay the opening of its new wafer fab in Leixlip, Ireland by a year, but attributed the pushout to a decision to dedicate the fab to 300mm wafers instead of the 200mm production originally called for. "Originally scheduled for first production in the second half of 2001, Fab 24 is now scheduled to begin production of wafers in the second half of 2002 as a result of the change to 300mm technology," the company said. Intel spokesman Chuck Mulloy called the decision "purely a technology asset utilization question." The Leixlip plant was to have been Intel's last 200mm fab, and would have been converted to 300mm a few years after it began production. By changing it to a 300mm fab from the outset, the facility will have per-wafer operating costs that are 30% lower, while producing more than twice the die per each wafer than a 200mm fab. Observers noted., however that the decision may have been influenced by uncertainty over chip demand in 2001. Intel issued a warning only days ago that its fourth quarter revenues and profits would fall short of expectations, attributing the disappointment to a worldwide economic slowdown. Intel was one of many chip companies recently to caution about a sluggish fourth quarter, joining Motorola, Advanced Micro Devices, and a number of other semiconductor firms. Besides taking into account a softening personal computer market and the slowing worldwide economy, the decision to delay the opening of the Leixlip fab "potentially could reflect a change in Intel's expectations of what its market share could be," said Dean McCarron, analyst with Mercury Research, Scottsdale, Ariz. "They may have thought it would be 90%, and now it may turn out to be 80% instead. That could have an impact on their planning." McCarron added that Intel's move toward newer process technologies will mean that it can produce more chips using fewer wafers, also enabling the company to delay opening the Irish fab. Intel currently has a dedicated 300mm development fab in the final stages of contruction in Hillsboro, Ore., and a production fab under construction in Rio Rancho, NM. Fab 24 in Leixlip will have 135,000 square feet of clean room space, the company said

To: Dealer who wrote (24904)	12/14/2000 8:08:56 AM
From: Dalin	Read Replies (1) \| Respond to of 65232

Good morning Porchies! 07:11 ET Corning Inc (GLW) : -- Update -- Reiterates fiscal 2001 guidance of pro forma earnings per share of $1.40-$1.43. 07:08 ET Corning Inc (GLW) 72 1/2: -- Update -- Company says earned interest income during the qtr that will raise Q4 by an additional $0.02 above the guidance of $0.28. 07:06 ET Corning Inc (GLW) 72 1/2: Company affirms high-end of previous guidance of Q4 pro forma earnings per share of $0.26-$0.28 and full yr net of $1.15-$1.17. :0) D.