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To: Johnny Canuck who wrote (43383)	6/6/2006 3:52:36 AM
From: Johnny Canuck	Respond to of 67928

Intel reportedly eyeing communication chip sale By Reuters news.com.com Story last modified Mon Jun 05 20:57:42 PDT 2006 Intel is looking to sell parts of its communications chip business, according to published reports. The sale plan includes chips used to run software on cell phones and chips for network devices, according a report in the Wall Street Journal, which cited unidentified people familiar with the matter. The story, which follows a similar report in the San Jose Mercury News on Saturday, also said that Intel recently approached potential buyers such as electronics companies and financial-service companies that could lead a buyout. In other news: Crunch time for wireless? Photos: Putting lasers to work Revelations of the 'seeing machine' News.com Extra: Hard-drive disposal a matter of trust Video: Microsoft's zippy mapping tool The chipmaker said in late April that it would conduct a top-to-bottom review of the company with an aim to cutting costs in face of intense competition from rival Advanced Micro Devices. Spokesman Chuck Mulloy declined comment on the report but said Intel would announce results of its review in July. "We're looking at the business from top to bottom...We have not made any decisions," said Mulloy. Since the review was announced in April, analysts and industry media reports have speculated that Intel could get out of certain businesses such as memory products. [Harry: It makes sense considering how competitive it is and how fast products become commodities. Companies like BRCM just do a better job of pursuing their niche market as their focus is their not on microprocessors.]

To: Johnny Canuck who wrote (43383)	6/6/2006 11:16:59 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 67928

Building permits drop 10.6 per cent in April, lowest level since November 6/6/2006 6:09:00 AM OTTAWA (CP) - Construction cooled in April, with the value of building permits down 10.6 per cent, to $5 billion, Statistics Canada said Tuesday. This followed a hot March, when the value of permits hit the second-highest level on record. The April figure was 1.5 per cent below the average monthly level for 2005. Housing permits totalled $3.2 billion, down 5.7 per cent from March as both single-and multi-family components declined. However, this was on par with the average monthly level in 2005, which was a record year for housing construction. For the non-residential sector, builders took out $1.8 billion in permits in April, down 18.4 per cent. Institutional permits were off sharply and the commercial sector also slipped. But the statistics agency said both housing and non-residential sectors remain healthy, driven largely by the booming West. Calgary, Edmonton and Vancouver recorded the largest advances in cumulative figures for the first four months of 2006 in comparison with the same period last year, with housing the main driving force. The largest decline came in Toronto, with a significant decrease in non-residential permits. The value of permits for single-family dwellings declined 4.0 per cent to $2.1 billion in April, the third consecutive monthly decrease. However, the level in April remained 1.1 per cent above the average monthly level in 2005. The value of multi-family permits retreated 8.7 per cent to $1.1 billion after two months of increases. The agency said housing overall remained strong despite the slowdown, buoyed by low mortgage rates, strong full-time employment and the healthy economy in the West. Housing declined in April in both British Columbia (down 15.9 per cent) and Alberta (off 13.6 per cent) after major increases in March. Ontario recorded a 6.4 per cent increase, its first monthly gain this year. Large drops in the value of institutional and commercial permits more than offset an increase in industrial permits in April. After jumping 49.3 per cent in March, institutional permits fell 45.6 per cent to $411 million, with a major decline in the hospital category. Permits in the commercial sector fell 7.5 per cent to $1 billion after two consecutive monthly increases. The level of commercial permits in April remained 6.0 per cent higher than the average monthly level in 2005. Industrial permits rose 12.6 per cent $292 million, after a 6.1 per cent decline in March. Demand was particularly strong in Ontario.