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SANTA CLARA, Calif., July 24, 2014 – Intel Corporation's board of directors has declared a quarterly dividend of 22.5 cents per share (90 cents per share on an annual basis) on the company's common stock. The dividend will be payable on Sept. 1, 2014, to stockholders of record on Aug. 7, 2014.

 

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world's computing devices. As a leader in corporate responsibility and sustainability, Intel also manufactures the world's first commercially available "conflict-free" microprocessors. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com and about Intel's conflict-free efforts at conflictfree.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.

NEWS HIGHLIGHTS

  • By increasing performance and limiting downtime, the Intel® SSD Pro 2500 Series delivers industry-leading TCO for businesses of all sizes.
  • With hardware-based encryption, the Intel SSD Pro 2500 Series helps mitigate the threat of costly data breaches without diminishing performance.
  • Intel SSD Pro 2500 Series delivers security features and a manageable storage platform for the level of uncompromising performance demanded by today's businesses.

 

 

SANTA CLARA, Calif., July 22, 2014 – Intel Corporation today announced an addition to the Intel® Solid-State Drive (SSD) Professional Family: the Intel® SSD Pro 2500 Series. This new business-class SSD delivers lower total cost of ownership, security and manageability features, and blazing-fast SSD performance demanded by today's business users.

 

Intel SSD Pro 2500 Series offers IT departments peace of mind with advanced security features and capabilities designed for businesses ranging from small companies through large IT-managed enterprises. Security and remote manageability features, combined with lower annual failure rates than hard disk drives (HDDs), help to reduce the need for resource-intensive deskside visits.

 

Managing data security is critical for businesses and a challenge for IT leaders. Data breaches, often a result of lost or stolen PCs, can cost a business nearly $50,000 in lost productivity, replacement, data recovery and legal costs.1 To help businesses mitigate the threat of such costly breaches, the Intel Pro 2500 Series SSDs are self-encrypting drives (SED) utilizing hardware-based 256-bit encryption to protect data without a loss of performance. Additionally, the new Intel drives feature the Trusted Computing Group's OPAL 2.0* standard and are Microsoft eDrive* capable. These policy-based controls help to prevent data breaches and support crypto erase to repurpose the drive for reuse.

 

"The need to protect assets, keep an eye on the bottom line and ensure employees have the best tools is a challenge for IT departments," said Rob Crooke, Intel corporate vice president and general manager of the Non-Volatile Memory Solutions Group. "The Intel SSD Pro 2500 Series is a well-rounded solution to help balance those often competing needs. Adding the Pro 2500 Series to the Intel SSD Professional Family delivers a powerful storage solution to help businesses of all sizes meet their critical IT needs."

 

"The Intel SSD Pro 2500 Series is the second-generation OPAL-based client storage solution that helps IT departments protect their users' data and also provides valuable features to reduce operational costs," stated Candace Worley, senior vice president and general manager, Endpoint Security, McAfee*, part of Intel Security. "The Pro 2500 Series is a perfect companion to our data protection solutions, managed by McAfee ePolicy Orchestrator*, all working in concert to provide IT departments with data security, management and control, wherever their endpoints may be."

 

In an environment with Intel® vPro™ Technology, with Intel® Setup and Configuration Software and leading security software, the Pro 2500 Series drives can be managed remotely allowing IT to monitor and report drive health as well as track assets and remedy faults. This remote manageability enforces IT policies to help prevent mishaps and simultaneously provides a great user experience. Embedded and Internet of Things applications can also take advantage of the remote manageability features to help limit the number of IT professionals needed to oversee devices. To assist in protecting user data and lower the total cost of ownership, applications such as ATMs and remote digital signage can be updated, monitored and managed remotely.

 

"Corporations of every size are facing the growing challenge of protecting sensitive data and ensuring compliance with a litany of data protection laws and regulations," said Bill Solms, president and CEO of Wave Systems*. "The Intel SSD Pro 2500 Series offers a sound foundation for any data security program, incorporating hardware-level encryption without impacting drive performance. Wave's on-premise and cloud-based management software complements the Intel SSD Pro 2500 by offering remote drive provisioning, automated password recovery and secure audit logs to document that encryption was in place should a laptop become lost or stolen."

 

The Intel SSD Professional Family is part of the Intel® Stable Image Platform Program, including a 15-month availability of the components and drivers for compatibility and stability across a qualified IT image. This helps minimize IT qualification and deployment times. The Intel SSD Pro 2500 Series also features five advance power modes helping to balance performance and power to enable a longer battery life and provide a better mobile experience.

 

The Intel SSD Pro 2500 Series will be available in both 2.5-inch and M.2 form factors and in capacities ranging from 120GB to 480GB. The Intel SSD Pro 2500 Series is backed by a 5-year limited warranty and features a world-class annualized failure rate (AFR) well below 1 percent. The AFRs of other SSDs and HDDs can reach as high as 5 percent or more in mobile environments

 

More information on Intel SSDs can be found at www.intel.com/ssd or by accessing the multimedia press kit at www.intel.com/newsroom/ssd. Follow Intel SSDs on Twitter: @intelssd, or communities.intel.com.

 

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world's computing devices. As a leader in corporate responsibility and sustainability, Intel also manufactures the world's first commercially available "conflict-free" microprocessors. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com and about Intel's conflict-free efforts at conflictfree.intel.com.

 

Intel, Intel vPro 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.

 

1 The Billion Dollar Lost Laptop Problem, Ponemon Institute, 2010

Kirk Skaugen, senior vice president and general manager of personal computing at Intel Corporation, will reveal new products and Intel’s plans to usher in a new era of computing devices with its latest technology during a keynote address at the 2014 IFA in Berlin. The global trade show for consumer electronics and home appliances presents the latest innovations and attracts more than 200,000 visitors from more than 100 countries. Skaugen will deliver his keynote address on Day One of the tradeshow on Friday, September 5 at 5:00 p.m. CET. The presentation will be webcast live in our Intel newsroom. Intel will also showcase its latest products and technologies at IFA, hall 16. Press are encouraged to register online to attend the Intel keynote at 2014 IFA in Berlin.

Today, Fujitsu announced the release of their new ARROWS Tab, an 8-inch tablet powered by the Intel® Atom™ processor Z3735F and running the Windows 8.1 operating system. Ideal for business use, the ARROWS Tab is incredibly portable, has extended battery life and comes with Microsoft Office to enhance productivity in the office, at home or on the road. The tablet will be available worldwide in October 2014.

Ever wonder why Intel lab workers look like they’re about to blast off into space? Those outfits they’re wearing are called “bunny suits,” and the lab workers wear them not to protect themselves, but to protect the microprocessors from any contamination they might have on them. Since its debut in 1973, the Intel bunny suit has been synonymous with high tech innovation – outfitting workers at semiconductor fabrication plants, or “Fabs.” Check out this video to see just how far they’ve come!

 

Yesterday, Intel and the National Science Foundation (NSF) announced the first InTrans award of $3 million to a team of researchers designing customizable, domain-specific computing hardware to address health care needs. The research, being led by a team at the University of California, Los Angeles, could lead to less exposure to dangerous radiation during x-rays and patient-specific cancer treatments. InTrans awards aim to bridge the gap between government funded research and industry support for prototypes and products. Get more information.

Intel has created a customized SKU based on its latest Intel® Xeon® processor E7 v2 family that, when coupled with Oracle software enhancements, allows Oracle to deliver an “elastic compute environment.”  The solution requires customization of the Intel Xeon processor E7 v2 SKU as well as software changes that enable the Oracle application to dynamically scale the frequency and number of cores to maximize performance. Disclosure of this work was made today at the announcement of Oracle’s new Exadata Database Machine X4-8. This is another example of Intel providing optimized solutions for its partners to address specific workload needs, in this case for enterprise customers.

HP, along with Intel and Microsoft, announced a new program this week called “Mobilize Your Business”. The program will combine hardware and software solutions to help businesses integrate mobile technology into their workplace. As part of the program, Intel, HP and Microsoft will be working closely together to deliver solutions that enhance worker productivity with reliable, high-performance hardware, focusing on enterprise-ready security and optimized power consumption. The full “Mobilize Your Business” program will be available for channel partners this fall.

  • Achieves Record Quarterly Microprocessor Unit Shipments
  • Net Income of $2.8 Billion, Up 40 Percent Year-Over-Year
  • Targets $4 Billion for Share Repurchases in the Third Quarter

 

SANTA CLARA, Calif., July 15, 2014 -- Intel Corporation today reported second-quarter revenue of $13.8 billion, operating income of $3.8 billion, net income of $2.8 billion and EPS of $0.55. The company generated approximately $5.5 billion in cash from operations, paid dividends of $1.1 billion, and used $2.1 billion to repurchase 74 million shares of stock.

 

"Our second-quarter results showed the strength of our strategy to extend the reach of Intel technology from the data center to PCs to the Internet of Things," said Intel CEO Brian Krzanich. "With the ramp of our Baytrail SoC family, we have expanded into new segments such as Chrome-based systems, and we are on track to meet our 40 million unit tablet goal. In addition, we hit an important qualification milestone for our upcoming 14nm  Broadwell product, and expect the first systems to be on shelves during the holidays."

 

Intel announced that it intends to return more cash to shareholders by lowering its cash balance further through increased share repurchases. The board of directors authorized an increase of $20 billion to its share repurchase program and the company is forecasting share repurchases of approximately $4 billion in the third quarter, with additional share repurchases in the fourth quarter. Over the last decade Intel has returned almost $90 billion to shareholders through dividends and share repurchases.

 

"This change in our capital structure is the continuation of a multi-year focus on creating value and returning cash to our shareholders, and reinforces our confidence in the business," said Stacy J. Smith, Intel CFO and executive vice president.

 

Q2 Key Business Unit Trends

  • PC Client Group revenue of $8.7 billion, up 9 percent sequentially and up 6 percent year-over-year.
  • Data Center Group revenue of $3.5 billion, up 14 percent sequentially and up 19 percent year-over-year.
  • Internet of Things Group revenue of $539 million, up 12 percent sequentially and up 24 percent year-over-year.
  • Mobile and Communications Group revenue of $51 million, down 67 percent sequentially and down 83 percent year-over-year.
  • Software and services operating segments revenue of $548 million, down 1 percent sequentially and up 3 percent year-over-year.

Business Outlook

Intel's Business Outlook does not include the potential impact of any business combinations, asset acquisitions, divestitures, strategic investments and other significant transactions that may be completed after July 15.

 

Q3 2014

  • Revenue: $14.4 billion, plus or minus $500 million.
  • Gross margin percentage: 66 percent, plus or minus a couple of percentage points.
  • R&D plus MG&A spending: approximately $4.9 billion.
  • Restructuring charges: approximately $20 million.
  • Amortization of acquisition-related intangibles: approximately $65 million.
  • Impact of equity investments and interest and other: approximately zero.
  • Depreciation: approximately $1.9 billion.
  • Tax rate: approximately 28 percent.

 

Full-Year 2014

  • Revenue: growth of approximately 5 percent, slightly higher than prior expectations.
  •   Gross margin percentage: 63 percent, plus or minus a few percentage points, in line with prior expectations.
  •   R&D plus MG&A spending: $19.3 billion, plus or minus $200 million, higher than prior expectations of $19.2 billion.
  • Amortization of acquisition-related intangibles: approximately $300 million, unchanged from prior expectations.
  • Depreciation: approximately $7.4 billion, unchanged from prior expectations.
  • Tax rate: each of the remaining quarters of 2014 is still expected to be approximately 28 percent, unchanged from prior.
  • Full-year capital spending: $11.0 billion, plus or minus $500 million, unchanged from prior expectations.

 

For additional information regarding Intel's results and Business Outlook, please see the CFO commentary at: www.intc.com/results.cfm.

 

Status of Business Outlook

Intel's Business Outlook is posted on intc.com and may be reiterated in public or private meetings with investors and others.  The Business Outlook will be effective through the close of business on September 12 unless earlier updated; except that the Business Outlook for amortization of acquisition-related intangibles, impact of equity investments and interest and other, restructuring charges, and tax rate,  will be effective only through the close of business on July 22. Intel's Quiet Period will start from the close of business on September 12 until publication of the company's third-quarter earnings release, scheduled for October 14. During the Quiet Period, all of the Business Outlook and other forward-looking statements disclosed in the company's news releases and filings with the SEC should be considered as historical, speaking as of prior to the Quiet Period only and not subject to an update by the company.

 

Risk Factors

The above statements and any others in this document that refer to plans and expectations for the third quarter, the year and the future are forward-looking statements that involve a number of risks and uncertainties. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “may,” “will,” “should” and their variations identify forward-looking statements. Statements that refer to or are based on projections, uncertain events or assumptions also identify forward-looking statements. Many factors could affect Intel’s actual results, and variances from Intel’s current expectations regarding such factors could cause actual results to differ materially from those expressed in these forward-looking statements. Intel presently considers the following to be important factors that could cause actual results to differ materially from the company’s expectations.

  • Demand for Intel's products is highly variable and, in recent years, Intel has experienced declining orders in the traditional PC market segment. Demand could be different from Intel's expectations due to factors including changes in business and economic conditions; consumer confidence or income levels; customer acceptance of Intel's and competitors' products; competitive and pricing pressures, including actions taken by competitors; supply constraints and other disruptions affecting customers; changes in customer order patterns including order cancellations; and changes in the level of inventory at customers.
  • Intel operates in highly competitive industries and its operations have high costs that are either fixed or difficult to reduce in the short term.
  • Intel's gross margin percentage could vary significantly from expectations based on capacity utilization; variations in inventory valuation, including variations related to the timing of qualifying products for sale; changes in revenue levels; segment product mix; the timing and execution of the manufacturing ramp and associated costs; excess or obsolete inventory; changes in unit costs; defects or disruptions in the supply of materials or resources; and product manufacturing quality/yields. Variations in gross margin may also be caused by the timing of Intel product introductions and related expenses, including marketing expenses, and Intel's ability to respond quickly to technological developments and to introduce new products or incorporate new features into existing products, which may result in restructuring and asset impairment charges.
  • The tax rate expectation is based on current tax law and current expected income. The tax rate may be affected by the jurisdictions in which profits are determined to be earned and taxed; changes in the estimates of credits, benefits and deductions; the resolution of issues arising from tax audits with various tax authorities, including payment of interest and penalties; and the ability to realize deferred tax assets.
  • The amount, timing and other execution of Intel's stock buyback program could be affected by changes in Intel's priorities for the use of cash for other purposes, such as operational spending, capital spending, acquisitions, and because of changes in cash flows and changes in tax laws.
  • Gains or losses from equity securities and interest and other could vary from expectations depending on gains or losses on the sale, exchange, change in the fair value or impairments of debt and equity investments; interest rates; cash balances; and changes in fair value of derivative instruments.
  • Intel's results could be affected by adverse economic, social, political and physical/infrastructure conditions in countries where Intel, its customers or its suppliers operate, including military conflict and other security risks, natural disasters, infrastructure disruptions, health concerns and fluctuations in currency exchange rates.
  • Intel's results could be affected by the timing of closing of acquisitions, divestitures and other significant transactions.
  • Intel's results could be affected by adverse effects associated with product defects and errata (deviations from published specifications), and by litigation or regulatory matters involving intellectual property, stockholder, consumer, antitrust, disclosure and other issues. An unfavorable ruling could include monetary damages or an injunction prohibiting Intel from manufacturing or selling one or more products, precluding particular business practices, impacting Intel's ability to design its products, or requiring other remedies such as compulsory licensing of intellectual property.

 

A detailed discussion of these and other factors that could affect Intel's results is included in Intel's SEC filings, including the company's most recent reports on Form 10-K and Form 10-Q.

 

Earnings Webcast

Intel will hold a public webcast at 2 p.m. PDT today on its Investor Relations website at www.intc.com. A webcast replay and MP3 download will also be available on the site.

 

Intel plans to report its earnings for the third quarter of 2014 on October 14. Immediately following the earnings report, the company plans to publish a commentary by Stacy J. Smith, Intel CFO and executive vice president, at www.intc.com/results.cfm. A public webcast of Intel's earnings conference call will follow at 2 p.m. PDT at www.intc.com.

 

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. As a leader in corporate responsibility and sustainability, Intel also manufactures the world’s first commercially available “conflict-free” microprocessors. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com, and about Intel’s conflict-free efforts at conflictfree.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.

Intel is introducing Intel Galileo Gen 2, an Arduino-certified development board for makers, hobbyists, students, educators and DIY electronics enthusiasts. With Galileo Gen 2, artists, designers and other enthusiastic developers who may not have technical backgrounds can more easily create interactive objects. Imagine building light displays that respond to social media, automating home appliances, or building life-size robots controlled by a smartphone.  Go to maker.intel.com/galileo for more information.

Today at the Microsoft Worldwide Partner Conference, Intel announced that it has joined Microsoft and other industry leaders as a participant in the Microsoft Cloud OS Partner Matching program. In its second year, the program helps customers transform their data center with private cloud and hybrid cloud solutions. This program aligns incentives across software, server, storage, networking and services partners to offset the cost of deploying these Microsoft solutions, accelerates deals, and helps drive competitive wins. Intel will invest in initiatives to align sales teams and channel partners around the proof of concept phase in order to help customers simplify the path to private and hybrid cloud deployments powered by the leading performance and energy efficiency provided by the latest Intel® Xeon® processors, Intel® 10GbE Ethernet Controllers, and Intel® SSDs. More information on Cloud OS is available here.

Intel-World-Cup.jpgWatching a lot of soccer lately? Intel helps you stay in on the action. Whether it's 2 in 1s, tablets and mobile phones, Intel has any number of options that makes sure that you won’t miss a game - and in any number of sizes. This photo depicts a worker using his Asus Memo Pad 7* to catch the big game, as his co-workers can’t help but look on. Visit www.Intel.com to learn more!

Today, Intel announced that its Intel® Atom™ processor Z3700 series, the Intel® Celeron® processor N/J series, and the Intel® Pentium® processor N/J series, are now OpenGL ES 3.1 compliant. Intel is one of the first chip vendors to receive the certification on a commercial platform. The Khronos Group released the OpenGL ES 3.1 specification at the Game Developers Conference in March earlier this year and completed the certification test definitions in June. OpenGL ES is a royalty-free, cross-platform API for full-function 2D and 3D graphics on embedded systems - including consoles, phones, appliances and vehicles. New features in OpenGL ES 3.1 include compute shaders, independent vertex and fragment shaders, and indirect draw commands. Compliant devices will now be able to offer more feature-rich applications that combine graphics and compute functionality.

Cray Inc. today announced it has been awarded a $174 million contract to provide the National Nuclear Security Administration (NNSA) with a multi-petaflop supercomputing system powered by future Intel® Xeon® processors code-named “Haswell” and future Intel® Xeon Phi™ processors code-named “Knights Landing.” The system, named “Trinity” by the NNSA, will provide the NNSA with a world-class supercomputer for ensuring the safety, security and effectiveness of the United States’ nuclear stockpile. Intel Xeon and Intel Xeon Phi processors will provide Trinity with the superior combination of performance, programmability and reliability needed to advance the mission for the agency’s stockpile stewardship program. Visit the Cray and NNSA releases to learn more.

Two Intel employees have been named to Business Insider’s list of the 22 Most Powerful Female Engineers in Tech. Carolyn Duran, ranked at #2, leads Intel’s efforts to remove conflict minerals from its supply chain and end human rights abuses in the Democratic Republic of the Congo. Mauri Whelan, ranked at #8, is a vice president in Intel’s Software and Services Group and directs the company’s open source software development work. To learn more about Duran and Whelan, view the full list.

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