Intel Corp (INTC)

[Elmer Phud]

John -

From an Intel shareholder perspective, closing the division would be the best scenario. If they sold it to a stronger company, it would probably be a good for Intel short term (integration problems), it might be worse long term.

For anyone to try to move Hammer onto a different process would probably add 6 months to the schedule. It's on a 9 metal layer SOI process that nobody else has. Layout starts from scratch.

EP