Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: 5dave22 who wrote (133209)	2/20/2001 2:37:33 PM
From: tejek	Respond to of 1583391

Dave, Here's a release out of Bloomberg's. The only stocks that I have up today are CC and FRONY, an oil shipper. Definitely a bad day.....my broker stocks, LEH and MWD, are getting killed....I did not move my stop loss limits up and have lost most of the profits I had made in those stocks. :~(( ted EDIT. SCMR is positive as well. ____________________________________________________________ Intel Takes Steps to Cut Costs, Including Delaying Raises Santa Clara, California, Feb. 20 (Bloomberg) -- Intel Corp. said it will cut expenses by ``several hundred million dollars'' this year as economic growth slows and demand for the No. 1 chipmaker's products wanes, spokesman Tom Beermann said. The company deferred raises to senior managers until October from April. It will limit hiring and cut its workforce through attrition, Beermann said. Intel Chief Executive Craig Barrett told employees of the measures in an e-mail this morning. Santa Clara, California-based Intel will also cut discretionary spending, including travel and overtime, by 30 percent this year, he said. Its attrition rate is usually less than 10 percent. Intel shares fell $2 to $32.38 in midafternoon trading. They've lost 39 percent of their value in the past 12 months. Feb/20/2001 14:07 ET For more stories from Bloomberg News, click here. (C) Copyright 2001 Bloomberg L.P.