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To: Yousef who wrote (2005)	11/7/1997 10:56:00 AM
From: James Yu	Read Replies (2) \| Respond to of 6843

Yousef, Let me ask you two questions about Intel's big R&D budget. Can you guarantee that every penny of Intel's big R&D spending for real research and development plans? If the answer is "No", cut the budget. If the answer is "Yes", please use your data to support it. Can you guarantee that Intel's bureaucracy doesn't waste R&D budget? If the answer is "No", cut the budget. If the answer is "Yes", please use your data to support it. Don't tell me how important the R&D is. I think WS analysts have a lot of experiences understanding the R&D of the big companies - a lot of dirty things behind R&D could happen. They have hawkeyes to monitor the R&D of big companies. We, individual investors, only know the important theory of R&D's but we don't know the dirty things behind the R&D. Are you with me? Best wishes James