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

To: Tony Viola who wrote (122763)	12/14/2000 12:57:35 AM
From: tejek	Respond to of 186894

Ted, as far as I know, Intel has not made public their capex plans for 2001. When asked 2 weeks ago on the CC after the warning, Bryant said it was too early to give an estimate for capex in 01. He said give him until mid January. Sounds like an author trying to sell copies. Tony, My apologies...read it too fast. I didn't see that it was still the analyst making the call (even though it was right in the title). That same analyst made the call yesterday and an Intel spokesperson said that it wasn't true. That's why I felt more comfortable buying today. Since the article was dated today, I thought the stituation had changed. Things are bad enough without perpetuating a rumor. Again, sorry about that. ted

To: Tony Viola who wrote (122763)	12/14/2000 12:59:15 AM
From: NITT	Read Replies (2) \| Respond to of 186894

re"38% spending cut" Even if the numbers are correct in the end, I would see it as a reduction from $5.5B target to $4.5B since they pulled in $.5B this quarter and therefore even if you believed spending was to be flat year to year you still have to account for the pull-in... it wasn't an over spend since they got what they ordered just earlier then originally promised and/or forecasted. So, my math says that's 18% vs 38% if you account for the pull-in in adjusting your numbers. Would love to know how this guy constructed his numbers since Intel has not discussed 2001 yet other than the 300mm deal in Ireland. Yes, it does impact EPS this year and next but the bottom line is how big a cut in the capital spend trend is really taking place... 18% seems reasonable if it get's you much more capacity from 300mm a year later and you believe you have sufficient capacity along with products that will go to 2GHz+ and your competition is just starting to struggle to keep up. Nitt