Intel Corp. announced its 2002 capital spending plans only a few months ago, but analysts are already making some educated guesses about the company's expenditures for 2003.
The first prediction of the year comes from Prudential Securities Inc., which estimates that Intel's total capital expenditures could jump from $5.5 billion in 2002, to $5.6-to-$6.5 billion in 2003.
In January, Intel set its capital spending for 2002 at $5.5 billion, down 24% from a record $7.3 billion in 2001. But still, Intel's 2002 spending is more than two times the nearest company in the IC industry. In fact, there are fewer chip makers in the $1 billion capex club this year.
Intel, according to Prudential Securities, is expected to realize worldwide sales of $31.5-to-$36.6 billion for 2003. Based on those estimates, the company's "2003 capex could be $5.6-to-$6.5 billion," according to Prudential in an e-mail newsletter, which was sent today.
News source: Silicon Strategies - Intel's 2003 capital spending to reach $5.6-to-$6.5 billion, says report
