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

To: Shoibal Datta who wrote (43736)	3/14/2001 1:42:35 PM
From: Sam Citron	Read Replies (1) \| Respond to of 70976

In interpreting INTC's capex targets, you must consider the important signal effect of such pronouncements to competitors, namely it says to AMD: "You might as well stop competing with us because we intend to outspend you to your grave." Most analysts do not expect INTC to really spend $7.5B on Capex this year, but we wont know for sure until next year.

To: Shoibal Datta who wrote (43736)	3/14/2001 2:53:05 PM
From: Shoibal Datta	Read Replies (1) \| Respond to of 70976

AMAT analyst chatter from Briefing.com 14:20 ET Chip Equipment Stocks : Salomon Smith Barney comments on Dow Jones report that INTC to scale back its Leixlip, Ireland facility. Says that INTC had indicated it would scale back this facility with a target date of 2002, representing a pushout of another yr. While expects INTC to come in under budget due to benefits of price discounts, firm expects these concessions to put pressure on top-line numbers at chip equipment makers. Notes that NVLS and AMAT both have exposure to INTC, with the former having derived 17% of revenues from INTC in 1999 13:39 ET Intel (INTC) 28 5/8 -3/4 (-2.5%): CSFB commenting on Intel's $7.5 bln capex budget. Firm thinks it is possible that Intel will continue to spend the money, but does not think the full amount will be spent this calendar year, owing to the slowdown and financial pressures on company. Firm would not be buyers of the stock until it hits the low $20's... Could see these comments impact the chip equipment makers, which have been supported in recent months by Intel's commitment to its capex plans.