A detailed discussion of these and other factors that could affect Intel’s results is included in Intel’s SEC filings, including the report on Form 10-Q for the quarter ended March 29, 2008.
Status of Business Outlook
During the quarter, Intel’s corporate representatives may reiterate the Business Outlook during private meetings with investors, investment analysts, the media and others. From the close of business on Aug. 29 until publication of the company’s third-quarter 2008 earnings release, Intel will observe a “Quiet Period” during which the Business Outlook disclosed in the company’s press releases and filings with the SEC should be considered to be historical, speaking as of prior to the Quiet Period only and not subject to an update by the company.
Earnings Webcast
Intel will hold a public webcast at 2:30 p.m. PDT today on its Investor Relations Web site at www.intc.com. A webcast replay and MP3 audio download will also be made available on the site.
Intel (NASDAQ: INTC), the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live. Additional information about Intel is available at www.intel.com/pressroom and at blogs.intel.com.
Intel and the Intel logo are trademarks of Intel Corporation in the United States and other countries.
* Other names and brands may be claimed as the property of others.
INTC/IR
| INTEL CORPORATION | |||||||||||||||||
| CONSOLIDATED SUMMARY INCOME STATEMENT DATA | |||||||||||||||||
| (In millions, except per share amounts) | |||||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||
| Jun. 28, | Jun. 30, | Jun. 28, | Jun. 30, | ||||||||||||||
| 2008 | 2007 | 2008 | 2007 | ||||||||||||||
| NET REVENUE | $ | 9,470 | $ | 8,680 | $ | 19,143 | $ | 17,532 | |||||||||
| Cost of sales | 4,221 | 4,605 | 8,687 | 9,025 | |||||||||||||
| GROSS MARGIN | 5,249 | 4,075 | 10,456 | 8,507 | |||||||||||||
| Research and development | 1,468 | 1,353 | 2,935 | 2,753 | |||||||||||||
| Marketing, general and administrative | 1,430 | 1,290 | 2,779 | 2,572 | |||||||||||||
| Restructuring and asset impairment charges | 96 | 82 | 425 | 157 | |||||||||||||
| OPERATING EXPENSES | 2,994 | 2,725 | 6,139 | 5,482 | |||||||||||||
| OPERATING INCOME | 2,255 | 1,350 | 4,317 | 3,025 | |||||||||||||
| Gains (losses) on equity investments, net | (109 | ) | (1 | ) | (168 | ) | 28 | ||||||||||
| Interest and other, net | 167 | 180 | 335 | 349 | |||||||||||||
| INCOME BEFORE TAXES | 2,313 | 1,529 | 4,484 | 3,402 | |||||||||||||
| Provision for taxes | 712 | 251 | 1,440 | 488 | |||||||||||||
| NET INCOME | $ | 1,601 | $ | 1,278 | $ | 3,044 | $ | 2,914 | |||||||||
| BASIC EARNINGS PER COMMON SHARE | $ | 0.28 | $ | 0.22 | $ | 0.53 | $ | 0.50 | |||||||||
| DILUTED EARNINGS PER COMMON SHARE | $ | 0.28 | $ | 0.22 | $ | 0.52 | $ | 0.49 | |||||||||
| WEIGHTED AVERAGE SHARES OUTSTANDING: | |||||||||||||||||
| BASIC | 5,699 | 5,809 | 5,743 | 5,793 | |||||||||||||
| DILUTED | 5,800 | 5,917 | 5,840 | 5,895 | |||||||||||||
