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

To: Claude who wrote (59013)	1/17/2002 3:38:17 PM
From: Qualified Opinion	Read Replies (1) \| Respond to of 70976

I heard that Intel plans to reduce its spending on semi-equipment by at least a billion dollars for the year 2002. You might want to listen to the earnings conference call.

To: Claude who wrote (59013)	1/17/2002 4:21:44 PM
From: willcousa	Respond to of 70976

Intel said 1 bil less on buildings and 1 bil less on equipment. That would explain a decline from 7.5 bil to 5.5 bil in capex. I am surprised that it is so high.