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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Stefan who wrote (30072)	5/11/1999 1:48:00 PM
From: Duker	Read Replies (1) \| Respond to of 70976

INTC cut their cap spending in half from the previous $4 billions Stefan, I was unaware that INTC has changed their CapEx forecast from $3.0bn (with a bias to equipment versus bricks and mortar)to $2.0Bn (one half of $4.0bn)??? [N.B., A $4.0bn that included $475mm for DEC assets ... ] They should update their web site (http://www.intel.com/pressroom/archive/releases/cn041399.htm) ... --Duker

To: Stefan who wrote (30072)	5/11/1999 1:58:00 PM
From: Tony Viola	Respond to of 70976

Stefan, You are right as to the communication sector still doing well but uP are not doing well. Intel is on track to do $7 billion in sales this quarter, +/-. That's up $1 billion YOY. That's not doing well? I wish I could do not so well!!!!!!!!!!!!! INTC cut their cap spending in half from the previous $4 billions. They cut it a quarter, from $4B to $3B. Take that to the bank. Do you recall what was the consensus estimate in '97 for the industry growth in '98 and '99. Seems a little thing called Asia caught a cold. Man, this is too easy.