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

To: Shahen Petrosian who wrote (53135)	4/14/1998 7:25:00 PM
From: Maverick	Respond to of 186894

Intel reduces capital spending, cuts 3,000 Jobs SAN FRANCISCO, April 14 (Reuters) - Intel Corp chief financial officer Andy Bryant said the semiconductor giant moved too fast to add employees and on capital spending and was taking action to cut back. "We got ahead of ourselves in adding heads and in cap spending," Bryant told analysts on a conference call. "What we are trying to do is take a breath and let the business grow back up." Intel plans to reduce its head count over the next six months by 3,000 people, mostly through attrition. Intel said in its news release that capital spending for 1998 will be $5 billion, less than prior guidance of $5.3 billion.

To: Shahen Petrosian who wrote (53135)	4/14/1998 7:34:00 PM
From: Tony Viola	Read Replies (1) \| Respond to of 186894

Shahen, >>"Celeron is not going to be a disaster. Even if it disappoints then Mendocino will back it up. Together, they are quite a threat to the competition at the low end."<< Actually, both Covington (out tomorrow) and Mendocino have been announced as members of the Celeron family. You are right in saying 'Besides, Intel's mix of products are too diverse for any one to cause "disaster" for the company.' Gotta wonder if the "Intel is doomed" faction really believe what they are saying, over and over, or is it because they are stuck with AMD stock? Tony