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Technology Stocks : Energy Conversion Devices -- Ignore unavailable to you. Want to Upgrade?

To: Krowbar who wrote (5933)	2/20/2001 3:02:00 PM
From: Allen Bucholski	Respond to of 8393

Del, all ECD meeting goers, welcome to come wed. Feb.21,2001 6:00pm in Mountain Jacks restaurant next to a Red roof inn in Troy. Their is a bunch of red roof inns around this area. Directions are those coming from metro airport take I-94 East expressway than take I-75 north expressway get off at Exit 67 Rodchester Rd. turn left from exit follow curve Red roof Inn on right side of road with a mountain Jacks next to it. This information was on tape from red roof in phone 1-248-689-4391.(hit ex. 3 at right time) Mike Latas will be there. Allen Bucholski

To: Krowbar who wrote (5933)	2/20/2001 3:37:15 PM
From: Futurist	Read Replies (1) \| Respond to of 8393

Not great news for us. Nothing specific about R&D spending, but, clearly, this is a company that is not in a positive frame of mind. Intel to Slash Spending Amid Slowdown in Demand By MOLLY WILLIAMS Staff Reporter of THE WALL STREET JOURNAL SANTA CLARA, Calif. -- Intel Corp. said it is instituting cost-cutting measures to save "hundreds of millions" of dollars this year, as the company faces a slowdown in demand for its chips. Intel said it plans to reduce its employees through normal attrition and it is filling only "critical positions." The company also plans to cut discretionary spending, which includes travel and overtime, by 30%. Intel said it is deferring raises for all senior managers until at least October. All other employees will receive half their raises now and the other half will be reviewed in October. Intel also said it is suspending its program of offering home PCs for salaried employees until Jan. 1, 2002.