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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (4892)	1/14/2003 2:34:12 PM
From: Fred Levine	Read Replies (2) \| Respond to of 25522

Is AMAT chopped liver? Intel's Big Splash Will Be Capex Budget Tuesday January 14, 1:01 pm ET By James J. Cramer, Addicted to short-term Wall Street gibberish? Here's your fix on Intel (NasdaqNM:INTC - News), which reports after the close. The betting's shaping up like this: The bulls want to see $7.1 billion in revenue (the benchmark set by Salomon Smith Barney Monday). The bears want to see something below $6.97 billion. The bears want to see 13 cents; the bulls want 15 cents. To me, that means we'll get $7.1 billion and 14 cents; the stock will go up a little bit and then we'll focus on Microsoft (NasdaqNM:MSFT - News) and IBM (NYSE:IBM - News), both of which have more upside than Intel. But, get this: Capital expenditure stocks are the true drivers here. When Intel unveils its capital budget, if we see north of $4.6 billion, you can see the Novellus (NasdaqNM:NVLS - News)-KLA-Tencor (NasdaqNM:KLAC - News) basket vault 2.5 points. If we see south of $4 billion, you can see that contingent swoon 4 points. fred

To: Proud_Infidel who wrote (4892)	1/14/2003 4:23:34 PM
From: BWAC	Read Replies (1) \| Respond to of 25522

INTC capex 3.5 to 3.9 Intel's semiconductor equipment spending is being primarily targeted at 300-mm wafer production, which is providing the company with greater capital efficiency and lower manufacturing costs. Billion. Depreciation is expected to be approximately $1.2 billion in the first quarter and approximately $4.9 billion for the year ------------------------------- FIRST time ever in the last 11 years I reviewed below a years depreciation charge. I think that is significant. 2004 should be a huge spending year if we can plan ahead and wait that long. And INTC should generate lots of cash during 2003 for future capex or increased dividends maybe?