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


To: Tony Viola who wrote (134363)5/7/2001 8:02:37 PM
From: milo_morai  Respond to of 186894
 
-Dell to slash up to 4,000 jobs
By Michael Kanellos
Staff Writer, CNET News.com
May 7, 2001, 1:35 p.m. PT
Dell Computer will eliminate 3,000 to 4,000 jobs during the next two quarters as the company retrenches amid tough times.

The cuts, which the company said will primarily affect employees in Texas, were widely anticipated as PC sales have decimated the bottom lines of most computer manufacturers....

news.cnet.com



To: Tony Viola who wrote (134363)5/7/2001 9:59:04 PM
From: Ibexx  Respond to of 186894
 
Rotomola on track to recover:

Message 15768347

Ibexx



To: Tony Viola who wrote (134363)5/8/2001 1:28:55 AM
From: The Duke of URLĀ©  Read Replies (2) | Respond to of 186894
 
from RB:

By: avatar99 $$$$
Reply To: 25803 by madretired $$$ Tuesday, 8 May 2001 at 1:19 AM EDT
Post # of 25814

Here's Bryant's main points, courtesy NetCog

netcog.com

Andy Bryant, CFO of Intel

The Internet is continuing to grow and INTC is selling into this infrastructure, says Bryant

INTC is also buying companies to fill in technology gaps

It's easier to get returns on investments with prices depressed right now

INTC has plenty of cash to pursue acquisitions aggressively now that stock cannot be used as M&A currency

Microprocessors have shown something of a rebound, as distribution channels almost hit a record in the 1Q

The communications area has a higher inventory to work through

INTC has been cutting costs aggressively and has plenty of cash

As far as listing on the NYSE, INTC is not looking to do anything "cosmic