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 Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Lone Star who wrote (42690)	2/26/2001 11:54:24 AM
From: Joseph Beltran	Read Replies (1) \| Respond to of 70976

Hey, Lone Star, are you the one starting the rumor?

To: Lone Star who wrote (42690)	2/26/2001 12:01:12 PM
From: Tony Viola	Respond to of 70976

>>Anyone hearing details about the Intel capex reduction rumor? Sure, Jonathan Joseph of SSB again. Killed any chance of the SOXX rallying today. Seems like he's out there at least once a week glooming and dooming on semis. Even if the guy is right, he ought to have a quota or a muzzle ratio or something. 09:30 ET Intel (INTC) 29 15/16: -- Update -- Salomon Smith Barney believes that Intel could come in below Q1 revenue growth guidance of -15% qtr/qtr, and could lower capex spending from $7.5 bln to $5.5-$6.5 bln. (Comments on capex could have impact on chip equip. makers this morning). Edit, Gottfried beat me to it.

To: Lone Star who wrote (42690)	2/26/2001 12:13:37 PM
From: Shoibal Datta	Read Replies (2) \| Respond to of 70976

Jon Joseph's comments in detail (excerpted from the report): "PROCESSOR MARKETS EASE LOWER February has remained a relatively slow month for many of the brokers we talk with. Intel (INTC-$30, 2M) microprocessor gray market prices declined slightly on the week from an 8% to a 9% discount to list. Pentium III prices also edged downward slightly to a 9% discount from 8% in the week before. It is pretty clear to us Intel continues to see a weakening in its business, and is taking steps to minimize the impact. Last week, the company announced it would push out certain pay increases, clamp down on discretionary expenses, and be less generous with its "free PC" program. We have also heard the company has already decided to cut back on its capital spending plan from the previously announced $7.5 billion to somewhere between $5.5-6.5 billion. Intel old-timers, who have the scars of many downturns on their backs, believe the belt tightening was long overdue. The Intel Developer Forum will begin this week, which is a great program of over 250 Intel and vendor- sponsored sessions focusing on new technologies like voice recognition, high- speed Ethernet, InfiniBand, and 802.11b wireless, among others. There will also be updates on the P4 and IA-64 roadmaps (McKinley is said to be slipping). There have been press reports of scheduled Intel price cuts on some of its processors in two weeks."