Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: semiconeng who wrote (134013)	5/2/2001 11:07:36 AM
From: dale_laroy	Read Replies (2) \| Respond to of 186894

>Better yet, why don't you go on over to that other thread, and spread the word around, that intel's Tualatin is yielding poorly, is delayed for 6 months - 1 Year< Actually the delay is only 4 months, and entirely due to the delay in delivery of 0.13-micron equipment. LOL Truthfully, I expect Tualatin to ship on time, or at least as close to on time as the 1.0 GHz mobile P-III. Any equipment that Intel needs for the Tualatin launch should have been delivered before the announced equipment delay. Intel should have no trouble meeting their projections for Tualatin market share in Q3. Of course, if they ramp Tualatin in Q4 as projected, they will have to postpone the volume launch of Northwood, and visa versa.

To: semiconeng who wrote (134013)	5/2/2001 11:31:19 AM
From: Road Walker	Respond to of 186894

Intel to Hire Outside U.S. Despite Job Cuts NEW DELHI (Reuters) - Microchip giant Intel Corp (NasdaqNM:INTC - news) said on Wednesday it would continue to hire people at its units outside the United States despite 5,000 job cuts announced earlier this year as a result of a slowing economy. The hiring and fresh investment would help the world leader in computer chips develop technologies and uses for its products that would offer strong business potential when the economy picks up, Patrick Gelsinger, a vice president at Intel, told reporters. ``Our headcount is shrinking in the U.S. and increasing globally,'' said Gelsinger, who is also Intel's chief technology officer for its technology and research labs. ``Despite the cut in people from 89,000 to 84,000 we will increase headcount internationally including in India.'' Intel in March announced 5,000 job cuts and forecast a first- quarter revenue fall of about 25 percent below fourth quarter levels as the flagging U.S. economy hit personal computer demand and spread to the networking, communications and server sectors. Results reported in April were, however, slightly better than expected despite a steep 82 percent fall in net income and a 16 percent fall in first quarter sales. Intel was also upbeat about business in the second half of this year and reiterated plans to spend $7.5 billion this year on capital spending and $4.2 billion on research and development. Gelsinger said Intel planned to increase the strength of its Indian research and development center to 500 professionals by the end of this year from the existing 400. The center, located in the southern tech capital city Bangalore, was launched with 20 employees two years ago. ``We're investing tons of money in spite of the slowdown. We have to innovate our way out, not save our way,'' Gelsinger said. He said Intel was working on building high-performance, small and sleek personal computers, pervasive wireless computing, integration of diverse computer and telecommunication networks, speech processing by computers and audio and video capabilities on wireless devices.