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

To: Jim McMannis who wrote (138815)	7/8/2001 1:07:42 AM
From: Paul Engel	Read Replies (1) \| Respond to of 186894

McPanic - Re: "Anyone else waiting for the other shoe to drop (Intel)?" Little Jimbo all upset his precious AMD just tanked ? Need some company down in your AMDitch?

To: Jim McMannis who wrote (138815)	7/8/2001 9:33:12 AM
From: semiconeng	Read Replies (2) \| Respond to of 186894

Anyone else waiting for the other shoe to drop (Intel)? Jim No Jim, I don't think that your "wish" is going to happen at all. Intel has been painting a bleak picture of Q2 for quite some time. At the end of Q1, Craig revised Q2 earnings downward significantly, and clearly stated that the company would not be seeing significant revenues from P4 during that time frame. Intel also recently reiterated that although business had not picked up as much as was hoped, they anticipated that Q2 would come in at the "Low End" of previous guidance. During Q2, intel has also been implementing severe cost reduction strategies, including the non-renewal of 5000 contract employees, the suspension of construction of the research building in Texas, the closing of the Puerto Rico assembly plant, and the institution of voluntary unpaid days off in New Mexico. I also saw a graph last week that showed that the 0.18u Fabs cost reduction Goals for Q2 were met and/or exceeded. Even Fab22 was built with reused structural steel from a previously cancelled planned Texas Fab. In contrast, I haven't heard of any cost cutting measures that came out of "Head In The Sand" Sanders or Ruiz, during Q2. No, instead, stupidity and arrogance still seems to be the general rule prevalent in Sunnyvale. The same attitude that has been present ever since Atiq Raza left. No.... The reality is, "Grasshopper" AMD, reaped exactly what they sowed during Q2. I think "Ant" Intel did exactly what needed to be done to survive the Q2 "Winter". umass.edu Semi