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

To: tejek who wrote (134342)	3/8/2001 5:34:49 PM
From: 5dave22	Read Replies (1) \| Respond to of 1575173

Maybe I'm in a cave. I JUST noticed that INTC warned ... again. Intel Slashes Revenue Outlook Again By TSC Staff 3/8/01 5:08 PM ET Suffering from what it called the spreading ills of the economic slowdown, Intel (INTC:Nasdaq - news) Thursday slashed its already reduced first-quarter earnings and revenue forecasts and said it would trim 5,000 jobs, mostly through attrition, to cut costs. The giant chip maker said first-quarter revenue would fall 25% short of fourth-quarter levels, while gross margins will slide to 51% from the previously forecast 58%. But Intel said it was making progress in cutting costs, adding that first-quarter expenses would drop about 15% from fourth-quarter levels. Intel had earlier forecast that first-quarter costs would be roughly flat with the fourth quarter. Nonetheless, the squeeze on Intel's profit margins appears considerable, as the company has said it would seek to hit 58% for the year. The new first-quarter forecast represents a sharp pullback from that target and an even steeper decline from the fourth quarter's 63%. Meanwhile, owing to the profit and revenue squeeze, Intel trimmed its research-and-development spending forecast by $100 million, to $4.2 billion. The company said capital spending for the year should be around $7.5 billion. After rising fractionally during regular trading to close at $33.25, Intel shares dropped $2.50, or 7.6%, to $30.44 in after-hours action on Island.

To: tejek who wrote (134342)	3/9/2001 1:46:40 AM
From: hmaly	Read Replies (1) \| Respond to of 1575173

Ted,, In addition, earlier in the article, he states that the tax analyzers are career civil service, can not be fired, do not like Bush and therefore will not give Bush the ammo he needs to defend his tax cut proposal. He then digresses to the discussion centering on the OTA.<<<<<<<< Taz analyzers are civil service and can not be fired for political reasons. Judges have already ruled that. He did not say they don't like Bush. What he said is that the OTA works under a strange set of rules which skew the presumptions of tax liability towards the rich. Assuming the rich die every yr, is ridiculous. To say most rich pay any estate at all when they do die is ridiculous. Frankly, I am not that keen on eliminating it, but it only contributes 1% to our tax rolls, and isn't that big of a deal. To include any gains from capital gains because of inflation as income is totally misleading. In order to get figures out of the OTA, the Bush administration needs to appoint a first class economist who will put out figures which are honest. You don't need to fire the workers who are there. You just need to change the formulas the OTA uses so the results conform to reality. You also need to realize, the estate tax elimination is not part of the income tax reduction, because estate taxes are not income taxes but rather a tax on assets. That is how the dems are demonizing the tax cut, by putting the two together and then quoting the 92% figure, when in fact the reduction in income taxes doesn't even come close.