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

To: greg s who wrote (127998)	2/21/2001 10:41:46 AM
From: Joe NYC	Read Replies (1) \| Respond to of 186894

Greg, Intel had just come off a major belt tightening called "The 125% Solution" where hiring was curtailed and everyone was urged to work 25% longer than normal (BTW, this was really a 150%+ solution, as a 125% effort is the norm at Intel). I think it is better to say these things less explicitly, because a disgruntled employee may document these things and may cause the company to lose its no-exempt status for its salaried employees. Joe

To: greg s who wrote (127998)	2/21/2001 3:22:09 PM
From: Paul Engel	Read Replies (1) \| Respond to of 186894

greg - Re: "So, there was a brief period of hiring (mostly engineers and technical MBA's), then another lean period in the mid-80's where everyone took a reduced salary (which Intel paid back, in the end). These were tough times, the Japanese memory firms were killing us. There was lots of talk about them dumping memory at prices below cost, etc. This was, in the words of Andy Grove, a strategic inflection point. Born of this period of turmoil was the recreated Intel, then focused on the microprocessor as it's motive force." Good summary. Contrast the bleak outlook for Intel back then - and the seemingly invincible "Japan, Inc." at that time - to now where Intel is the largest semiconductor maker by a long shot - and Japan, Inc. is still largely a memory maker with HUGE competition from Korea, Taiwan and Micron (US). Paul