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To: GVTucker who wrote (171196)10/15/2002 5:08:04 PM
From: stockman_scott  Respond to of 176387
 
16:27 ET Intel capex cut driven by construction savings (INTC) 16.52 +1.42: -- Update -- It's notable that Intel says the majority of its capex reduction is due to cost savings with ongoing construction projects; Intel noted on its last earnings conference call that it could drive capex savings through savings on construction projects, and that appears to be the case here. There is an important distinction between capex savings due to reduced investment in new semi equipment and due to construction savings. The news here is not as bad for semi equip cos as it appears at first glance.



To: GVTucker who wrote (171196)10/15/2002 5:14:00 PM
From: D.J.Smyth  Read Replies (1) | Respond to of 176387
 
GV. I don't see where you see a loss for the 4th qtr, other than investment income, which will probably be treated as a one-time

Frankly, I think Intel lacks vision for expanding beyond its non-PC core. The PC core continues to carry Intel's bottom line.


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