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

To: Diamond Jim who wrote (57852)	6/12/1998 4:19:00 PM
From: Diamond Jim	Respond to of 186894

SAN FRANCISCO, June 12 (Reuters) - Intel Corp , the world's largest chip maker, was off 1-13/16 to 66-3/4, after trading as low as 65-15/16. When it reported its first quarter earnings In April, Intel said its capital spending budget would be $5.0 billion for the year, down from its previous guidance of $5.3 billion. Deahna said it is very likely that Intel could even further lower its capital spending plans, as did National Semiconductor Corp . In its conference call Thursday with analysts to discuss its fourth quarter, National said it would cut its capital spending plans almost in half. "Prior to yesterday's call, they were planning $600 million in fiscal 1999 (in capital spending)," Deahna said. "They lowered it to $350 million."