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

To: GVTucker who wrote (178619)	7/14/2004 10:30:07 AM
From: Amy J	Read Replies (1) \| Respond to of 186894

GV, RE: "but Intel refused to recognize it at the time" You attributed sinister reasons as to why Intel didn't recognize it as a problem at that time. My point is: there are benign reasons such as yields continued to be higher or maybe they thought companies were coming online stronger or whatever. RE: "That would have been more cost efficient." If more companies came online, then it wouldn't. Regards, Amy J

To: GVTucker who wrote (178619)	7/14/2004 10:40:33 AM
From: The Duke of URL©	Respond to of 186894

I have not been able to listen to earnings release. The intel website sends ne around in circles. Is there a replay? does anyone have a site?

To: GVTucker who wrote (178619)	7/14/2004 11:00:39 AM
From: The Duke of URL©	Read Replies (2) \| Respond to of 186894

"If Intel had spotted the issue earlier they could have just slowed their aggressive production ramp." Andy spotted and discussed the issue a full three months ago, which means Intel was well aware of the inventory buildup before that. His public position BACK THEN was that he could deal with the inventory, that it was occassioned by the unexpectedly good production ramp, and that he did NOT want to screw with the line WHILE IT WAS BEING BROUGHT UP. I assume now that the line is close to being finished with the ramp, and now he could adjust. $200 Million inventory buildup, while not insignificant is maybe 4 million chips in a 170 Million chip annual market. It is true that this may reduce next quarter's gpm, but they know that and were the FIRST to announce it. But by what a percent or two? Hey, if it were perfect, then I would get suspicious. This is a blow out quarter for what it is. Next quarter, Intel has what 50 new product types comming on line? And furthermore, as I understand it, the way Barrett convinced the board to piss away 27 Billion (!)on new plants and equipment while the market was tanking was the argument, that IF cpu sales did not come to fruition, the the other Divisions could use the capacity in a heartbeat to make a profitable return on investment. Duke, J.