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

To: NITT who wrote (122767)	12/14/2000 9:07:13 AM
From: Dan3	Read Replies (1) \| Respond to of 186894

Re: I would see it as a reduction from $5.5B target to $4.5B since they pulled in $.5B this quarter Do these capex numbers reflect expenditures at the companies acquired during the past year? Will the moderation in capex affect the expansion of Intel's non-CPU business? Dan

To: NITT who wrote (122767)	12/14/2000 10:27:18 AM
From: Tony Viola	Read Replies (1) \| Respond to of 186894

Ever see that really bad TV ad for losing weight with the steroid short-haired blonde and a mantra of "stop the insanity"? Intel went from an average of 4 billion a year capex for, say 3 - 4 years, to 6.5 billion this year. I'd say back to 4 B sounds like the right thing. If it were cut to 1 or 2 B, it would sound drastic enough as to signal gloom looking forward from now to 3 years. I think they've stopped the insanity. Tony