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

To: Amy J who wrote (177099)	2/23/2004 9:03:48 AM
From: Road Walker	Read Replies (2) \| Respond to of 186894

Intel sets 2004 capital spending at $3.6 bln-$4 bln Monday February 23, 8:51 am ET NEW YORK, Feb 23 (Reuters) - The world's largest microprocessor company Intel Corp. (NasdaqNM:INTC - News) expects to spend $3.6 billion to $4 billion on chip-making equipment and other investments in 2004, according to regulatory documents it filed on Monday. The Santa Clara, California-based company said that the mid-point of that spending range is $3.8 billion, slightly higher than its $3.7 billion in capital spending in 2003. It said it expects to spend more than half the total on chipmaking equipment and one-quarter on land and constuction. The balance will go towards other equipment and machinery. In January when it announced earnings, Intel, which is the largest buyer of machinery used to produce chips, said that it expected its 2004 capital spending to be about on par with 2003. The company expects 2004 gross profit margin --or net sales less the cost of goods sold -- to be 62 percent, plus or minus a few points, above 2003's gross margin of 57 percent. That is the same projection the company gave in December when it raised the figure from an earlier target of 60 percent. Analysts have said the higher profit ratio is an indication that its investments in advanced microchip-making tools were paying off.

To: Amy J who wrote (177099)	2/23/2004 8:26:46 PM
From: brushwud	Respond to of 186894

Has AMD indicated how they plan to come up with $700M to cover their debt? Total Cash (mrq): 1.31B <------------------------- Total Debt (mrq)²: 2.09B <------------------------- Well, how are you going to pay off your $250,000 mortgage when you only have $2500 in your checking account? About $1 billion of AMD's long-term debt is convertible, and if history is any guide, will eventually be converted into equity. Much of the rest is at low interest rates and guaranteed by the German government. Maintaining profitability is what matters; the debt will take care of itself.