Advanced Micro Devices Inc (AMD)

[bobs10]

Maybe it's just as simple as INTC realizing that they will need a lot less money for P&E going forward? It's hard for me to believe that INTC will need more fabs especially with the LCOS bust. Anyway, it seems like the plan is to convert existing plants to 300mm, and it looks like future shrinks will take more and more time to do. All in all this is probably as much a recognition that less funding will be needed as anything.

Your right though, this is what middle aged companies do. If you don't have anything better to do with the investors money it's always better to return it to him, one way or another.