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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: D. K. G. who wrote (16062)	3/26/1998 4:15:00 PM
From: D. K. G.	Respond to of 25960

Intel Story: Thu Mar 26 INTC Intel Corp delaying Texas plant - report biz.yahoo.com Thursday March 26, 11:55 am Eastern Time Intel Corp delaying Texas plant - report FORT WORTH, Texas, March 26 (Reuters) - Intel Corp has halted construction on a $1.3 billion microchip plant near Fort Worth, Texas and pushed back its planned opening two more years to 2002, the Fort Worth Star-Telegram reported Thursday. The newspaper quoted company spokesman Howard High as saying the delay would allow the chip giant to reconfigure the plant to produce the new-generation 300-millimeter silicon wafers. That product will replace the 200-millimeter silicon wafer that is now the industry standard and give the plant a 30 percent increase in production efficiency, High told the newspaper, adding that the 530-acre site will lie dormant for at least the next 12 months. ''The options were to continue with existing technology or moving on the technology that is two generations in the future,'' High said. ''Intel has decided long ago that we didn't want to go to a new technology and have to retrofit the plant.'' Last October, Intel announced that the plant opening would not occur until late 2000, a year behind initial projections. But, in spite of the new delay, High reiterated Intel's commitment to the project, in which the company has already invested more than $75 million. ----------------------------------------------------- Perhaps events like this make Infrastructure cautious. Doesn't explain the Gushing Effect of ASMLF ex CYMI in any event. ÿ