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

To: Curtis Frazier who wrote (69525)	12/7/1998 9:58:00 AM
From: Diamond Jim	Read Replies (1) \| Respond to of 186894

"I saw on the news today 'local NBC affiliate' that Intel is cutting capital spending by 40%. This is why I find it odd that Intel's stock is rising. Even indications today are higher. Almost a full point." Have you checked lately? Up over 1 1/2, trading above 118. Cutting capital spending sounds like an increase in earnings to me. Jim

To: Curtis Frazier who wrote (69525)	12/7/1998 10:01:00 AM
From: exhon2004	Respond to of 186894

Curtis: re <<I think he is right. I saw on the news today 'local NBC affiliate' that Intel is cutting capital spending by 40%. This is why I find it odd that Intel's stock is rising. Even indications today are higher. Almost a full point.>> On the contrary, If the market thought Intel could drive growth by re-using most of it's capital equipment and thus reducing capital expenditures the stock should explode. They have been saying this for several months now. Although, not being a master of the obvious, I did not translate that into a 40% cut in capital spending. Heck, what are they gonna do with all that extra cash? Best Regards, Greg Gimelli