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To: Mark Fowler who wrote (137086)	1/15/2002 5:47:25 PM
From: Mark Fowler	Read Replies (2) \| Respond to of 164685

SANTA CLARA, Calif. (CBS.MW) -- Intel, the world's largest chipmaker, said late Tuesday its fourth-quarter profit dropped almost 80 percent from the same period last year, but the company exceeded analysts' bottom-line targets. Sales fell 20 percent to $6.9 billion, matching the company's projections. Looking ahead, Intel said revenue could be flat or fall as low as $6.4 billion in the first quarter. Also, Intel said it would spend less money on capital expenditures during 2002 than most analysts expected. During evening trading, Intel's (INTC: news, chart, profile) stock shed 2 fortune.com