Intel Corp (INTC)

[usuck ani knowit]

Sniff sniff for poor Technuboy, who also should have sold at $20+. Even those in print agree with me that valuations of INTC are too high, you guys just can't stand the fact that I've likely been on the right track all along.

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http://www.forbes.com/2003/01/15/cx_ah_0115intel.html?partner=yahoo&referrer=
The industry is moving toward ever-more expensive manufacturing technologies. Bryant said that Intel plans to spend half of its capital expenditure budget on wafer fab equipment, and of that the majority will be on equipment to handle larger 300-millimeter silicon wafers. Bigger wafers mean more chips per wafer, and a corresponding increase in efficiency. Additionally, Intel is expecting to push toward 90-nanometer manufacturing technology that will decrease the size of chips by decreasing the size of the elements on the chip itself.

Doug Lee, analyst with Bank of America Securities in San Francisco, acknowledges the outsourcing trend, but remains cautious. "You have to consider what the rate of recovery looks like in the end market," he says. "Things are looking better this year, better than they have in the past two years, but the rate of recovery doesn't justify where some of these stocks have been trading."


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