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Barrett's response to declining revenues was to diversify his company's products and to make multibillion-dollar capital improvements to Intel's manufacturing capacity, flying in the face of a declining demand for Intel's products.
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Spencer Barrett died in 2001.
What was the state of Intel's business in 2001?
In 2001 Intel laid off five thousand employees. Profits declined from $10.5 billion in 2000 to $700 million in 2001.
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