Intel Corp (INTC)

[usuck ani knowit]

NO it is not over my head, far from it.
What was INTC saying about 2003 CAPX 6 months ago?

You could look at it that way I agree, but I see it more of a sign of the New Game. Look at all the posts here the last year+ from Wanabe and others who keep pointing to how INTC always spends their way out(rebuilds) during the down cycles. Either they've done it again and are ahead of plan or they don't have the visibility and are like a deer in headlights at this point. I'm voting for the truck with its high beams on <GG>

It all comes down to the economy. A weak recovery is not going help INTC's numbers in a meaningful way and the double dip already seems to be in progress. Cutting CAPX will help the bottom line for short term but IMHO it's a signal of more rough weather.

ps, you could even justify the drop is CAPX saying that the biz is so bad that prices of equip have dropped that much.
===>> UAK