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

To: puborectalis who wrote (54543)	10/23/2001 9:53:53 PM
From: Gottfried	Read Replies (2) \| Respond to of 70976

Fallope, [edited] thanks for the post. IC Insights may not have heard of Intel's real capex spending plans for 2002. They won't be down more than 20% from 2001, maybe less, if I remember correctly. >Intel Corp. is projected to reduce its capital spending by 40% in 2002. Intel is projected to spend $7.5 billion in 2001, but only $4.5 billion in 2002< That little error makes the rest of IC Insight's report suspect. What was their prediction for 2001 one year ago? Probably way optimistic. I don't think any of those forecasters know what's coming. [edit] Here's the latest forcast from Intel >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.< Message 16539629 Gottfried