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.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (54414)	10/22/2001 2:52:38 PM
From: herenow_2	Read Replies (4) \| Respond to of 70976

Intel take from Briefing. Com 13:59 ET Intel (INTC): 24.79 +0.64: In the Monday edition of the Asian Wall Street Journal, there is an article discussing Intel's capital spending plans for 2002. It is not unlike other articles that have been written on that subject, but where it differs greatly from the others is that it contains comments from a senior official at Intel. That official is the company's Chief Technology Officer, Patrick Gelsinger, who is attending an Intel Developer Forum in Taipei. Reportedly, Mr. Gelsinger has said that Intel is looking to trim its 2002 capital spending budget by 10-20% from this year's surprisingly robust level of $7.5 bln. If true, that would imply a range of $6.0-6.75 bln. On the surface, that sounds disappointing, but in actuality, it has been a rallying point for the market today as analyst projections have been much lower. Goldman Sachs, for one, indicated in a note today that it had been using capex of $4 bln for 2002 in its model. This would be vintage Intel, though, as it has long made a practice of using its financial might to outspend its competition (read AMD) in down markets to gain the technological advantages that will allow it to pick up market share when industry conditions improve. In fact, today's article has suggested that the bulk of next year's spending will be concentrated on 0.13 micron process technology and production lines for the fabrication of 300-millimeter wafers. Going back to the Goldman note, the analyst, Terry Ragsdale, has made some interesting observations. First, he said he was shocked at the manner in which Intel released its 2002 capex figures as out-year guidance is generally done on the January earnings call; nonetheless, he concedes today's article sounds legitimate because of its source. Secondly, and most importantly for investors, Ragsdale believes Intel's capex plans are proof that Intel is convinced the PC market will rebound next year. If it doesn't, Ragsdale astutely points out that Intel will be setting itself up for an enormous amount of fixed costs that would not be covered by revenues. Intel, for its part, indicated that it couldn't confirm Gelsinger's comment and informed Bloomberg News that it has not made a final decision about its 2002 capex plans. Given the positive manner in which Intel and the chip equipment makers have traded today, however, it is clear the market is hoping Gelsinger spoke the truth and was quoted correctly.-- Patrick J. O'Hare, Briefing.com

To: michael97123 who wrote (54414)	10/22/2001 2:56:29 PM
From: Dale Knipschield	Read Replies (1) \| Respond to of 70976

Michael, > Whether casualties from anthrax are in the tens or hundreds does not alter the fact that their aim is to kill thousand if not millions of us.< You're right Michael, just as it didn't matter to them if there had been 50,000 in the WTC. People really need to burn this concept into their brains..........The terrorists are out to KILL ALL OF US, if necessary......without reservation, without remorse. And it should be clear to our friends in the Islamic world that it is THEIR responsibility, not ours to rein these crazy bastards in. It should also be clear to them that should they abdicate their responsibility to do so, as it seems they're doing, we have the right to do it for them........and that there WILL BE "collateral damage". Regards, Knip