Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (10240)	12/10/2002 10:22:42 PM
From: westpacific	Respond to of 89467

Intel's Grove Says Too Soon to Call Chip Rebound (Kiss this rally goodbye, gap and crap in the cards!) 6:30PM Tuesday! By Elinor Mills Abreu SAN FRANCISCO (Reuters) - Intel Corp. Chairman Andy Grove said on Tuesday it may be too early to forecast a rebound in the semiconductor sector despite recent industry outlooks indicating an upturn may be on the horizon. Our Business Section is growing! Check new sections for: Stock Markets, Earnings, Economy and more... Business Front "During the course of the year, nothing much has happened up or down" to overall chip sales, Grove told reporters after his keynote speech here at an industry conference. "The beginning of the end? I wouldn't be so optimistic." Global sales of semiconductors fell some 30 percent in 2001 to about $140 billion from a record $200 billion in 2000. Revenue at Intel, the world's largest chipmaker, fell 21 percent to $26.5 billion in 2001 from 2000. Grove said the current chip downturn is unique because it followed massive investment and spending on technology during the Internet boom of the late 1990s. The industry "was operating, in retrospect, way ahead of the underlying demand," he said. "The excess of the latter 1990s was so much bigger than previous excesses." To pull out of the doldrums, companies need to cut back on chip-making capacity in factories across the globe, said Grove, who was the fourth employee hired shortly after Intel was founded in 1968. Santa Clara, California-based Intel lost $200 million on a $1 billion revenue base during the downturn of 1984-1985, but has fared better this time, he said. "Other than the stock price, the actual operation of the company didn't suffer as much" in the current downturn, Grove said. Shares of Intel, which makes microprocessors that serve as the brains of personal computers, closed on the Nasdaq at $18.13, up 45 cents, or 2.5 percent. The stock is off 76 percent from its all-time high of $74.88 on Aug. 31, 2000. In November, the Semiconductor Industry Association said global sales of semiconductors were recovering and forecast to rise over the next few years following the latest two-year downturn. (Story continues after advertisement) ADVERTISEMENT Last week, Intel, rival Advanced Micro Devices Inc. and Fairchild Semiconductor International Inc. raised their fourth-quarter revenue outlooks, saying sales of PCs and cell phones were going better than anticipated. Also last week, the Semiconductor Equipment and Materials International trade group said manufacturers of equipment used to make semiconductors expect sales to decline by about a third this year but recover slightly in 2003. In his keynote speech, Grove mentioned some of the applications that advances in computing will enable, such as speech-to-text translation and human disease profiling based on bioscientific analysis of protein structures. Grove spoke at the International Electron Devices Meeting held by the Institute of Electrical and Electronics Engineers, which is also known at IEEE.

To: Jim Willie CB who wrote (10240)	12/10/2002 11:35:37 PM
From: stockman_scott	Respond to of 89467

Message 18323441

To: Jim Willie CB who wrote (10240)	12/10/2002 11:59:37 PM
From: SOROS	Respond to of 89467

"WE DONT UNDERSTAND ISLAMICS" Sure we do. Bush and the American media (the left and the right) told us it is a peaceful religion. I remain, SOROS (still wearing my golden helmet they say I'll never need)

To: Jim Willie CB who wrote (10240)	12/11/2002 1:40:53 AM
From: stockman_scott	Read Replies (1) \| Respond to of 89467

Disco Dick Cheney By MAUREEN DOWD Columnist The New York Times December 11, 2002 WASHINGTON - Some hush-hush bang-bang is going on at the vice president's house: big blasts twice a day, morning and night, that cause the whole neighborhood to quake and shake. Rattled neighbors cannot learn what's going on at Mr. Cheney's Disclosed Location from the Navy, which maintains the official residence on the grounds of the Naval Observatory. "We're doing infrastructure improvements and utility upgrades," says the Navy's Cate Mueller. If Dick Cheney won't tell us which energy fat cats drew up our energy policy, he's not going to tell us why we're paying to renovate his pad. The construction, which could last 16 months, is related to "national security and homeland defense," according to a letter from the observatory's superintendent printed in The Washington Post. I'd say we have four possibilities: 1. Mr. Cheney is building a giant vault. Now that a judge appointed by the president says that anything the vice president does can be kept secret, there is even more incentive for him to run the government so everything can be secret and stored away in the vault. 2. He's suffering from a bad case of bunker envy and wants a command center and bunker like the president's in the White House and Rummy's in the Pentagon. 3. He's digging a tunnel in case he has his priorities backward and we should be more concerned with Al Qaeda than Iraq. A secret tunnel at his house could easily feed into the secret tunnel at the nearby Russian Embassy leading up to a safe house; the tunnel was built in the late 1970's by the F.B.I. and National Security Agency to eavesdrop on Russian diplomats, and abandoned after the Russians found out about it from the F.B.I. counterspy Robert Hanssen. 4. He's constructing an underground disco. If he appears in a Travolta white suit and gold chains, his desire to replicate the Gerald Ford era would be realized. It's a mystery why President Bush doesn't want to stock his cabinet with his contemporaries from Yale, Harvard and Texas, rather than retreads from the wilted salad days when Cheney and Rummy were ruling the Ford White House. On Monday Mr. Bush again heeded Mr. Cheney and chose a Ford official to be Treasury secretary (replacing the Ford official who was just fired from the job) to work with the Ford official who is Fed chairman. Yesterday he chose an old Ford hand as head of the S.E.C. And we have the recrudescence of the secretary of state under Ford and Nixon, Henry Kissinger. Ford was the Fillmore of our time. His administration was famous for its hapless economic policy, fighting inflation with marketing, passing out those silly little buttons that read WIN (Whip Inflation Now). What do we remember of that era except the pardoning of Nixon, the fall of Saigon and the falls of Chevy Chase? The lasting mark of that White House was tamping down the post-Watergate zeal for truth, containing Congressional and media investigations into C.I.A. abuses such as assassinations of foreign leaders and F.B.I. overreaching on infiltrating civil rights groups. It was in that battle that the Ford alumni — Rummy, Cheney & Kissy — forged their worldview that the greatest threat to the country was the prying eyes of the public, the press and Congress. Trent Lott may want to turn the clock back to Jim Crow. Mr. Cheney just wants to go back to a time before Vietnam and Watergate, when there was more government secrecy and less moral relativism. The administration is chockablock with people who kept the public and Congress in the dark on foreign intrigue. Adm. John Poindexter, who took the fall for Iran-contra, is now in charge of expanding the universe of secrets to include dossiers at the Pentagon on every living American, under the Orwellian heading of Office of Information Awareness. Elliott Abrams, who misled Congress on Iran-contra and was pardoned by the first President Bush, is in charge of the Middle East for the second President Bush. Otto Reich, who worked with Ollie North and ran the covert program to get public support for the contras, now runs Latin American policy. Maybe instead of worrying about American children who don't do history lessons, we should worry about American presidents who don't care about the lessons of history. nytimes.com