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

To: Paul Engel who wrote (59218)	7/1/1998 10:08:00 PM
From: gnuman	Read Replies (2) \| Respond to of 186894

CompUSA warns, see's loss between 15 and 20 cents. biz.yahoo.com

To: Paul Engel who wrote (59218)	7/1/1998 10:38:00 PM
From: Jules B. Garfunkel	Read Replies (1) \| Respond to of 186894

Paul, No this is not good, nor is the way this announcement of the plant closings is being made. Regards, Jules.

To: Paul Engel who wrote (59218)	7/1/1998 10:41:00 PM
From: Ibexx	Read Replies (2) \| Respond to of 186894

Paul, Thanks for sharing the Oregon "story". However, I feel the news may or may not impact Intel's stock price adversely, as Wall Street always loves cut-backs and facility closures. Regards, Ibexx PS: After all, IBM got by (nicely) for years with flat or diminishing revenues and aggressive trimmings.

To: Paul Engel who wrote (59218)	7/1/1998 10:53:00 PM
From: Yousef	Read Replies (2) \| Respond to of 186894

Paul, Re: "This doesn't look good - Intel will temporarily close two wafer fabs in Oregon - for 9 days around the holiday." I would rather see Intel at full capacity, but given the current situation ... I am glad to see Intel take measures to cut costs. This will show up very positive on the bottom line. Let's hope that the demand downturn is temporary (< 1 Quarter). Yousef

To: Paul Engel who wrote (59218)	7/1/1998 11:15:00 PM
From: Francis Chow	Respond to of 186894

This doesn't look good - Intel will temporarily close two wafer fabs in Oregon - for 9 days around the holiday. Not surprising. See "Rest of '98" link on my URL thread. Below is an excerpt: Speculation owes to Intel's growing imbalance between revenues and head count. The company's sales declined from $6.4 billion in the first quarter of 1997 to $6 billion in the first quarter of 1998, while the number of permanent employees went from 52,000 to 65,000. In other words, revenues fell while the company added employees. In other words, until future prospects start to look better, the current headcount, even after the first round of cuts, is still too large.

To: Paul Engel who wrote (59218)	7/2/1998 1:48:00 AM
From: StockMan	Read Replies (1) \| Respond to of 186894

Paul, Re -- Intel plant closings.. Since these are mainly .35u plants processing chipsets and some mpu's, my guess is its part of "pruning". Intel increased manufacturing headcount rather rapidly. Overall it looks like a good thing for shareholders, bad for image and layed off workers. How the stockmarket reacts will depend on how CNBC and the media plays it. Stockman

To: Paul Engel who wrote (59218)	7/2/1998 8:08:00 AM
From: Tobias Ekman	Read Replies (1) \| Respond to of 186894

Hey Paul, Thanks for all youre work Francis had a link >> From: +Francis Chow Wednesday, Jul 1 1998 8:57AM ET Reply # of 59239 Rest of '98 key for Intel: news.com; It predicts that intel will have to lay off people for short time profit. Long term its not a good idea, the article said. Guess they wanna please us now. toe