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To: rairden who wrote (3524)1/16/2002 8:13:25 AM
From: Philip W. Dunton, Jr  Read Replies (1) | Respond to of 3661
 
No sign of a turnaround in industry conditions and any move up in the chip gear stocks is based on hope, not reality.

16:20 ET Intel (INTC) 34.68 -0.16: -- Update -- Intel cuts 2002 capital spending projection to $5.5 bln from $7.3 bln in 2001; most market projections had been higher; AMAT, NVLS, and other semi equipment names under pressure on this news.