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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: pbull who wrote (10548)	2/20/2001 11:27:24 PM
From: A.L. Reagan	Read Replies (1) \| Respond to of 13572

Here come the "see-thru" buildings: Intel slowing downtown project; Chip maker to finish skeleton of building; next step is less decided By Kirk Ladendorf American-Statesman Staff Tuesday, February 20, 2001 By the gigantic standards of Intel Corp., which spends nearly $2 billion on each new chip factory it builds, the 10-story office project under way in downtown Austin isn't that big. But it was big enough to get the company's attention during an austerity drive that started in January. Intel Corp. said Tuesday it will slow down the pace of construction of the $124 million Austin chip design center as the company pares costs in the face of a slowdown in the semiconductor business. Intel has instructed its contractor, DPR Construction Inc., to finish building the concrete skeleton for the 10-story building at Fourth and San Antonio streets. But when that phase is completed in the next two months, Intel will re-evaluate whether it wants to keep working on the project and how fast it wants to proceed. Intel chief financial officer Andy Bryant said the company planned "an aggressive companywide effort to curtail hiring and discretionary capital spending" to deal with the anticipated soft business environment in the first half of 2001. "We will finish the shell of the building, and when we reach that point, we will look at the next step," said spokeswoman Jeanne Forbis. "We are slowing the project down and altering the schedule putting us well beyond the original completion date" of late this year. The new schedule for the project won't be decided until the second half of this year. The company originally planned to begin occupying the building in November. The chip maker, which employs 500 people in its Austin design center, also said it is slowing its hiring in Austin temporarily, but it will continue to hire workers, principally chip designers, who have key technical skills that the company wants. Because the downtown building will be completed later than planned, the company may have to renegotiate its lease agreements for office space it occupies on South MoPac Boulevard (Loop 1). A halt in the Intel project could be a setback for Mayor Kirk Watson's campaign to revitalize downtown Austin by having major employers relocate to the area. The city lobbied Intel heavily to build downtown and offered the chip maker a package of incentives to build there. After a lengthy study of potential sites in Austin, Intel chose the downtown location even though company officials noted that building in a downtown area is new for the company, which typically builds its factories and design centers in the suburbs. Intel's first 400,000-square-foot building downtown is expected to accommodate up to 1,300 workers and handle the company's growth plans for Austin over the next several years. Intel also has room to build a parking garage and a second office building on its site. Intel's chip design teams in Austin are working on advanced microprocessor chips for computers; on low-power embedded processors for "smart" products that aren't computers and on communications chips. austin360.com

To: pbull who wrote (10548)	2/21/2001 12:14:55 AM
From: Sig	Respond to of 13572

>>>a point about psychology.>>> Yes, studies have shown( I love that term) that a bettor will return most often to the fray if the odds of winning are 50/50. My own observation, after winning day after day after day at the horses, that it gets rather boring, hardly worth the effort of finding a form, studying, paying for program and parking etc. Lose all the time is no problem, as there is no money left. In fact I have not been to the races in years, except for going to the new Lone Star Park for my 73d birthday, and since I did'nt win anything I left after the third race and never went back. . So after 8 years of prosperity, there were are no bears left on Wall St Week, as the lady bear left and of course a woman could not be a bull anyway(haha) Now the chances of a bull winning in this market is practically nil, so they are not playing the game, because those $%^#&*&ds running the pool wont let anybody win. And with no new money coming into play the market just goes on down. FWIT Sig

To: pbull who wrote (10548)	2/21/2001 1:16:02 AM
From: mishedlo	Read Replies (1) \| Respond to of 13572

pb - I disagree Check out some of the bull thread on The FOOL. Most are real time working folks as opposed to traders and nearly 100% LBTH (most of whom I pissed off totally with my bearish views) Some very very sad tales. One just cashed out today, after losing god knows what % holding CSCO JDSU etc etc. Said goodbye to the thread and left. Quite sad. Emotions are flaring big big big time. The best posters have left. M