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To: John Stopforth who wrote (37740)4/28/2001 10:06:54 PM
From: fyodor_Respond to of 275872
 
John: At the same time Intel says everything is OK with no staff cuts and no cuts in capital spending.

I'm pretty sure Intel announced job cuts of 3-5k last quarter (although the reduction would be achieved primarily through retirements etc.).

However, I agree with you that Intel's cash reserve is likely to fall significantly this Q.

-fyo