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Tuesday, September 05, 2006

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Passing on Small Town Intel Rumors

Geek.com is spreading rumors about Intel's announced layoffs that may interest locals.

Geek says Wall Street Journal reported that Craig Barret asked to speak to workers tonight via some sort of high tech gadget. Would've loved to be a bug in Intel's modems to hear that presentation. (Kinda' hard to be a fly on the wall when Intel is into Cyber-redeployment.)

More importantly, for folks interested in what's happening in Rio Rancho, is Geek's gossip about a report by "Deutsche Banc's Alex Brown in San Francisco" that "claims Intel has pushed-out chip-equipment deliveries for its high-volume 300 mm wafer fab (Fab 11x in Rio Rancho, New Mexico)..."

Coming on the heels of a $16 billion Industrial Revenue Bond with Sandoval County, representing over $2 billion in tax breaks, this is particularly bad news. To say the least.






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