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S U M M A R Y


DIARY: February 26, 2001 02:21 PM Monday; Rod Welch

Intel capital spending may decline; causes tech stocks to fall.

1...Summary/Objective


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CONTACTS 

SUBJECTS
Implode Cannot Buy-off Mistakes Sunshine Profits Innovation Monopoly
Tech Stocks Fall on Forecasts Lower Capital Spending by Intel

1104 -    ..
1105 - Summary/Objective
1106 -
110601 - Follow up ref SDS 98 0000, ref SDS 93 0000.
110602 -
110603 - Tech stocks are down today because outside observers are estimating
110604 - Intel will reduce capital spending of $7.5B orignially planned for
110605 - 2001, ref OF 14 0001, to between $6B - $6.5B. ref OF 14 8N4I
110606 -
110607 - Intel spokesman reported there have been no changes in capital
110608 - spending plans. ref OF 14 QR9K
110609 -
110610 -     [On 010308 Intel reports plans for $7.5B in capital spending this
110611 -     year, despite 25% drop in sales for 1st quarter, and plans to
110612 -     lay-off 5,000 people. ref SDS 99 QO4H
110613 -
110614 - Lower capital spending by Intel of this magnitude will impact a wide
110615 - range of vendors, causing a ripple effect. ref OF 14 EO7G
110616 -
110617 - Intel is trading down today 1.5% today at $29 1/2, ref OF 14 SL4G
110618 -
110619 - On 010223 Intel reported plans to reduce operating expenses by
110620 - deferring some pay raises, and reducing payroll through cut backs in
110621 - hiring. ref SDS 98 V54M
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1107 -