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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?


To: John F. Dowd who wrote (167953)7/11/2002 8:39:23 AM
From: Road Walker  Read Replies (1) | Respond to of 186894
 
08:10 ET Intel may cut 2002 capex, ests cut for select semi equipment co's-- Pru (INTC) 16.81: Prudential believes that INTC could reduce capex in 2002 to $4.8-$5.0 bln from $5.5 bln; field checks suggest co could be pushing out tool delivery to Q1 from Q4 for its 300mm Fab 11x in New Mexico; overall tool spending in 2002 could be down 24%-25% YoY vs prior est of down 18%-20% YoY; consequently, firm cuts 2002-03 EPS ests and price targets for AMAT, KLAC, NVLS, and LRCX.



To: John F. Dowd who wrote (167953)7/11/2002 10:14:32 AM
From: The Duke of URLĀ©  Respond to of 186894
 
Please explain.