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To: XBrit who wrote (77469)	3/8/2001 5:55:26 PM
From: oldirtybastard	Read Replies (1) \| Respond to of 436258

Intel also maintained planned capital spending of about $7.5 billion this year and research and development spending of about $4.2 billion. Intel Chairman Andrew Grove said on a Lehman Bros conference call on Tuesday that one of his regrets in the past had been paring back on capital spending and research and development in tight economic times, leaving it unable to respond quickly when demand rebounded. They are sticking to the story, they'll probably get grilled on it in the call

To: XBrit who wrote (77469)	3/8/2001 6:00:01 PM
From: Earlie	Read Replies (1) \| Respond to of 436258

Julius: My list precisely. (g) Best,Earlie

To: XBrit who wrote (77469)	3/8/2001 6:17:40 PM
From: bumboo	Read Replies (1) \| Respond to of 436258

Exactly! Think about it -- if the outlook was bleak, inventories were high, and you were looking to reduce expenditures, would you keep the same capex budget from the MOMO era? The chip makers can continue to make atleast some money off existing production facilities. But they could very easily postpone upgrades of chip equipment, which means AMAT, et. al., are toast. I have never bought the bullsh*t Intel argument -- "things may be slow right now but we are not changing our capex plans".