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To: marginmike who wrote (97602)	4/17/2001 11:38:41 PM
From: Win-Lose-Draw	Read Replies (1) \| Respond to of 152472

"it sounded like INTC/TXN were saying things had bottomed" It is a little difficult to imagine the likes of INTC and TXN having bottomed when companies their industry relies on (AMAT/TER/etc) make statements like... "We do not know if the current fall-off has bottomed out, or how long it will last...there is no recovery in sight at this point..." That comment was made today. I'm going to sit this "rally" out...

To: marginmike who wrote (97602)	4/18/2001 8:14:52 AM
From: JohnG	Respond to of 152472

MM. The INTC financial guy interviewed on CNBC simply said that in March order patterns were more normal in that they were getting orders for immediate shipment. He did not go so far as to claim to see a bright future. He did say that their high 7 billion?? capital/R&D budget was part of the plan for preparing for falling margins with new chips using 12 micron?? technology based fab. Thus they will be making Pentium 4 high performasnce chips in a new more efficient fab. Still, to me the reality is that consumer demand for faster and faster microprocessors will be stagnent absent better higher data rate internet connections or wireless high data rate connections. At the same time AMD is comming on strong with cheap high performance processors that don't have "INTC inside". Thus, even with a economic recovery, INTC is squeezed. Similaely, on G&K we decided that with more fiber, CSCO routers are being pushed to the perimeter of the network giving them a questionable future. Wireless data is the brightest star in the futyure of the chip industry and could be the basis of whole families of new consumer and industrial products over the next 5 years and beyond. "