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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (43334)	2/10/2009 5:30:13 PM
From: Gottfried	Read Replies (2) \| Respond to of 95531

Kirk, [edited in] didn't Intel do the same thing during the last recession, i.e. raise capex [to much analyst criticism]? [edit] I found it >Despite recent economic downturn, the company has continued to invest in new fab construction. Intel's capital expenses were $6.7 billion in 2000 and will grow to $7.5 billion in 2001, even with the postponement of Fab 24 expenses.< thefreelibrary.com

To: Kirk © who wrote (43334)	2/10/2009 8:12:22 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 95531

I had the same thought. I can't tell if anything Intel announced is new spending. This may be a purely political/PR announcement. And that leads to an uglier thought. The 1929 stock market crash was turned into a decade-long Depression, largely because governments engaged in a destructive beggar-thy-neighbor tariff war, which caused global trade to collapse. One scenario, which could turn the current recession into a global depression, is competitive currency devaluations, rising economic nationalism, and rising non-tariff trade barriers.