Replies to post #4096 on Zeev's Turnips Patch-No Politics (ZEEV)

[AKvetch]

6:36PM Intel capex color (INTC) 18.36 -0.76: -- Update -- Conference call ends; only other information of note was color on capex cuts: Intel emphasizes that the cuts will not come from fabs, but instead primarily from scaling back office building and lab equipment - refers to cut as a "trim". Company won't provide 2003 capex guidance, but does mention hopes to improve capital efficiency, which could be interpreted as evidence that capex will be flat or down, though the company was careful not to even hint at specific dollar guidance. Stock still up slightly at 18.64 after hours. Semi equipment stocks mixed, with AMAT and NVLS little changed, KLAC +0.50 with help from an after hours UBS upgrade, and KLIC -1.00 on lower Sep qtr guidance [Briefing.com]

[KyrosL]

Zeev, Apple's CFO is quoted as saying that:

"the strength of the euro, which topped the value of the dollar this week, would cause "a little bit of a hit" in Europe"

Either he is misquoted or he is lying. The strength of the Euro should increase Apple's margins in Europe.

http://biz.yahoo.com/rc/020716/tech_apple_margins_1.html

Kyros

[Steve Lee]

Dell's latest comments indicated poor market interest, Intel had nothing to say about extra corporate spending. Intel should gain improvements due to the ramping up of P4. I'm not sure that indicates an upturn in the ecomomy.

Yeterday the Nikkei and Topix closed down despite the US rally. The dollar is very weak.

Everyone is looking for a bounce, it is not there.

[wahz]

I am looking at a chart of the dow during the depression, and from peak to trough took less than 30 months. Any low made after Sept on the Nas will cause the timeframe of the nasdaq's decline to have exceeded that of The Great Crash.