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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: daryll40 who wrote (43329)	3/8/2001 10:40:32 AM
From: michael97123	Read Replies (4) \| Respond to of 70976

Daryl, I have no problem with paying taxes. In fact I am for the estate tax(with reform). I am for the capital gains tax. I don't have a problem in principal with property and excise taxes either. Liberals seem to have come to the Marxist conclusion that all money earned above what they as individuals make should be confiscated by the state. They have no problem with that. There wish is that 10 years from now, you and I are complaining about bracket creep with the top rate being 49.6%. And as an aside my friend the community college professor who make 90 grand/year for maybe 10 hours worth of work per week is for higher taxes but rails against the death tax as he is to get a big chunk of change when his dad passes on. Mike

To: daryll40 who wrote (43329)	3/8/2001 11:49:54 AM
From: Katherine Derbyshire	Read Replies (2) \| Respond to of 70976

OT Taxes I think the 1986 tax reform bill was carefully designed to be revenue neutral. That's how it passed in the first place. Taking away the preferences and deductions simplified the form, while cutting the tax rate meant that the average tax bill stayed the same. Now we're undoing both goals, by hiking the tax rate and adding back all sorts of tax credits. It looks like neither party is able to resist using the tax code to promote its agenda. Katherine

To: daryll40 who wrote (43329)	3/8/2001 7:21:08 PM
From: Cary Salsberg	Read Replies (1) \| Respond to of 70976

RE: "...the "rich" are greedy and are't paying their fair share." And they contribute huge amounts to politicians to maintain this status quo. I will repeat: control taxes by controlling the brackets; keep the maximum tax rate high and apply it to very high incomes.

To: daryll40 who wrote (43329)	3/8/2001 8:18:04 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 70976

The close above 50 is not encouraging for shorts. But he Intel news is encouraging. Still waiting for them to say, "gee, a couple hundred million in savings from "discretionary spending" isn't enough, I guess we have to look at that 7.5B in capex." Article: March 8, 2001 Intel Warns of Revenue Shortfall, Says It Will Cut 5,000 Positions A WSJ.COM News Roundup SANTA CLARA, Calif. -- Intel Corp. late Thursday again warned first-quarter revenue will fall short of expectations and announced plans to eliminate 5,000 jobs, or about 6% of its work force, primarily through attrition. "The economic slowdown affecting PC demand has continued and spread to the networking, communications and server sectors," Intel said in a prepared statement. The chip giant expects to report first-quarter revenue of around $6.5 billion, a decline of about 25% from the fourth quarter, when the firm posted revenue of $8.7 billion. The company in January said it expected to report a decline of 15% from the fourth quarter. The mean estimate of analysts surveyed by First Call/Thomson Financial was for first-quarter revenue of about $7.4 billion and earnings of 21 cents a share. Intel said it expects to reduce its work force mainly through attrition over the next nine months. The estimate excludes any staff additions from possible acquisitions. Intel has about 80,000 employees world-wide. Facing a steep slowdown in demand for its computer chips, Intel last month announced cost-saving measures ranging from cutting headcount to deferring raises, in order to try to keep profits up as revenue growth falls. Intel said then that it didn't plan layoffs but would fill only "critical positions" such as those of engineers and technical workers. Intel said Thursday that it expects to take a bigger first-quarter charge than it previously forecast for amortization of goodwill and other acquisition-related costs. The company pegged the amount at about $465 million, compared with its earlier forecast of $455 million. The chip maker said first-quarter gross margin will be lower than expected, coming in at about 51%, compared with Intel's earlier target of 58%. But expenses should be about 15% lower than fourth-quarter expenses of $2.4 billion, depending on revenue and profit. Intel had previously estimated that expenses would be flat with fourth-quarter levels. Intel trails a long line of semiconductor companies that are providing grim financial forecasts and implementing cost-reduction plans. Several makers posted profit warnings Thursday, which followed an onslaught of competitors warning about trouble in the PC industry on Tuesday. Intel was joined by ON Semiconductor Corp., Transwitch Corp., RF Micro Devices Inc., Actel Corp. and Intersil Holding Corp., which lowered their expectations or cited an industry slowdown for their expected lackluster financial performances. At 4 p.m. Thursday, Intel shares were up 31 cents at $33.25 in Nasdaq Stock Market trading. In after-hours trading, the stock was at $30.69, below the regular session close of $33.25, according to Island ECN.