On January 10th at 4:30 p.m., Intel CEO Paul Otellini will deliver a keynote address at CES 2012. "Intel is at the forefront of the mobile revolution, powering computing, communications and entertainment platforms that are bringing amazing new experiences to consumers around the world," said Gary Shapiro, president and CEO, Consumer Electronics Association. "We are thrilled to welcome Paul Otellini back to the CES keynote stage to share his strategic vision for Intel and the future of consumer technology."

New Intel® Solid-State Drive Toolbox 3.0

New Intel® Solid-State Drive Toolbox 3.0

It’s easier than ever to use an Intel solid-state drive (SSD) with the new Intel® SSD Toolbox 3.0. SSDs make your computer super fast, and the free Intel SSD Toolbox makes it easier to optimize and keep that drive in out-of-box condition. New features include an even easier graphical user interface, integrated help, a system information button to help troubleshooting and the ability to update firmware under Microsoft Windows* instead of DOS. Now in 11 languages, Intel SSD owners can upload for free at www.intel.com/go/ssdtoolbox. Get the Intel SSD toolbox 3.0 fact sheet and download multi-language screenshots. Learn more by visiting the Intel SSD multimedia press kit.

Intel was selected by Computerworld as a Top-Green-IT Vendor for 2011. Computerworld identified 12 organizations that are reducing energy consumption in IT equipment and using technology to conserve energy and lower carbon emissions. One of Intel’s most impactful sustainability initiatives to-date is our data center refresh program, summarized in this 2011 Earth day video. To learn more, check out Intel IT’s Strategy for Sustainability paper.

Six new Intel Wireless Display (WiDi) TV adapters give people even more choice when wirelessly streaming content in 1080p Full HD and 5.1 surround sound from their PC right to their TV.  New adapters from NETGEAR, D-Link, Belkin, I-O Data, Buffalo, and Cameo are now available worldwide for people taking advantage of the Intel WiDi feature on their 2nd generation Core-based laptops.  Go here for more information about Intel Wireless Display and new Intel WiDi TV Adapters.

Intel Corporation and CERN, the European Organization for Nuclear Research, have extended their agreement to collaborate on the CERN openlab project through 2014. Intel has been a major contributor to the CERN openlab since its conception in 2003. This year also marks the 10th anniversary of Intel working with CERN. Intel participates in joint research as well as providing CERN access to cutting edge hardware and software technology. Upcoming areas of research in the CERN openlab IV agreement will include cloud computing, security, exascale computing and data center efficiency.

Tune in for MashUp Radio this Friday, Oct. 28 from 12:00-12:30 p.m. PT to hear insight on the Bring Your Own Device boom. Intel’s Peter Biddle and Ahmed Datoo, CMO of mobile device management solution provider Zenprise, will discuss mobile device management, the consumerization of IT at work, and what developers can do to create applications that are optimized for mobile device management.

It’s time for trick or treat! If your daughter needs inspiration for costume options, play Halloween Dress Up. Once your daughter dons her costume, make sure to take pictures and upload them to Shutterfly Express Uploader. This app is easy-to-use for uploading pictures from your desktop to Shutterfly. It provides faster upload options, picture editing such as rename and rotate, and the ability to see picture thumbnails. Finally, shock your friends and family by sending them a Halloween Scream. Set the date and time and a Halloween Scream will pop up on their PC! Happy Halloween!

A new video program called “The Spark” offers insight into Intel’s role in kicking off the Digital Revolution with the introduction of the first microprocessor over forty years ago. Produced by FORA.tv – the up-and-coming web video destination – in partnership with Intel and hosted by ABCnews.com columnist and Silicon Valley journalist Mike Malone, the piece discusses the impact that microprocessors have had on our daily lives. See why Intel has been called the most important company in the history of the digital world @FORAtv. For more information visit the 40th Anniversary of the Microprocessor. #40thCPU #Intel

Seventy-four percent of U.S. teachers agree that with the fast pace of technology today, it is becoming just as important for children to learn about mobile etiquette as it is to learn math and science. Theresa Maves, a former National Board Certified Teacher and current training and social media manager for the Intel Education K-12 team, was recently joined by Yale University freshman and Intel Science Talent Search 2011 2nd place winner Michelle Hackman as well as Science Leadership Academy history teacher and Technology Teacher of the Year for Arizona Diana Laufenberg to discuss the Intel Mobile Etiquette survey findings in a webcast. Read more and watch highlights from the webcast for insights shared from teacher and student perspectives on how mobile technology is being used in the classroom and how it impacts today’s educational learning environment.

This week, Intel is featured for the third consecutive year in Newsweek’s annual Green Rankings and is listed 15 in the U.S. and 47 in the world. Newsweek highlights Intel’s ongoing commitment to purchasing renewable energy credits, its significant reduction of greenhouse gas emissions in 2010, and its steadfast dedication to global solar installations – which so far generate more than 3.8 million kWh of solar energy per year. Learn more about Intel’s environmental responsibility efforts.

3.1 Billion Year-Over-Year Revenue Increase Fueled by Double-Digit PC Unit Growth and Data Center Strength


Buyback Authorization Increased by $10 Billion


Non-GAAP Results

  • Revenue: A record $14.3 billion, up $3.2 billion, 29 percent year-over-year
  • Gross margin: 64.4 percent, down 1.7 percentage points year-over-year
  • Operating income: A record $5.1 billion, up $895 million, 22 percent year-over-year
  • Net income: A record $3.7 billion, up $705 million, 24 percent year-over-year
  • EPS: A record 69 cents, up 17 cents, 33 percent year-over-year


GAAP Results

  • Revenue: A record $14.2 billion, up $3.1 billion, 28 percent year-over-year
  • Gross margin: 63.4 percent, down 2.6 percentage points year-over-year
  • Operating income: A record $4.8 billion, up $649 million, 16 percent year-over-year
  • Net income: A record $3.5 billion, up $513 million, 17 percent year-over-year
  • EPS: A record 65 cents, up 13 cents, 25 percent year-over-year



SANTA CLARA, Calif., Oct. 18, 2011 – Intel Corporation today reported third-quarter results, setting new records for microprocessor units shipped, EPS, earnings and revenue, which was up 28 percent year-over-year.


“Intel delivered record-setting results again in Q3, surpassing $14 billion in revenue for the first time, driven largely by double-digit unit growth in notebook PCs,” said Paul Otellini, Intel president and CEO. “We also saw continued strength in the data center fueled by the ongoing growth of mobile and cloud computing.”


On a Non-GAAP basis, revenue was $14.3 billion, operating income was $5.1 billion, net income was $3.7 billion and EPS was 69 cents. On a GAAP basis, the company reported third-quarter revenue of $14.2 billion, operating income of $4.8 billion, net income of $3.5 billion and EPS of 65 cents.


The company generated approximately $6.3 billion in cash from operations, paid cash dividends of $1.1 billion, and used $4.0 billion to repurchase 186 million shares of common stock. Intel’s board of directors also voted to increase the company’s buyback authorization by $10.0 billion, raising the total unused balance to $14.2 billion at the end of the third quarter. The company also completed a senior notes offering of $5.0 billion primarily for the purpose of repurchasing stock.


Non-GAAP Financial Comparison

Quarterly Results

Q3 2011

vs. Q2 2011

vs. Q3 2010


$14.3 billion

up 9%

up 29%

Operating Income

$5.1 billion

up 20%

up 22%

Net Income

$3.7 billion

up 15%

up 24%

Earnings Per Share

69 cents

up 17%

up 33%


Non-GAAP results exclude certain acquisition accounting impacts and expenses related to acquisitions and the related income tax effects of these charges.


GAAP Financial Comparison

Quarterly Results

Q3 2011

vs. Q2 2011

vs. Q3 2010


$14.2 billion

up 9%

up 28%

Operating Income

$4.8 billion

up 22%

up 16%

Net Income

$3.5 billion

up 17%

up 17%

Earnings Per Share

65 cents

up 20%

up 25%


Q3 2011 Key Financial Information (GAAP)

  • Business unit trends:
    • PC Client Group revenue of $9.4 billion, up 22 percent year-over-year.
    • Data Center Group revenue of $2.5 billion, up 15 percent year-over-year.
    • Other Intel® architecture group revenue up 68 percent year-over-year.
    • Intel® Atom™ microprocessor and chipset revenue of $269 million, down 32 percent year-over-year.
  • McAfee Inc. and Intel Mobile Communications contributed revenue of $1.1 billion.
  • The platform average selling price (ASP) was up year-over-year and flat sequentially.
  • Gross margin was 63.4 percent, 0.6 percent below the midpoint of the company’s expectation.
  • R&D plus MG&A spending was $4.2 billion, slightly below the company’s expectation.
  • Net gain of $107 million from equity investments and interest and other, consistent with the company’s expectations of approximately $100 million.
  • The effective tax rate was 29 percent, above the company’s expectation of approximately 28 percent.
  • The company used $4.0 billion to repurchase 186 million shares of common stock.


Business Outlook

Intel’s Business Outlook does not include the potential impact of any mergers, acquisitions, divestitures or other business combinations that may be completed after Oct. 18.


Q4 2011 (GAAP, unless otherwise stated)

  • Revenue: $14.7 billion, plus or minus $500 million, on both a GAAP and Non-GAAP basis.
  • Gross margin percentage: 65 percent, plus or minus a couple percentage points.
  • Non-GAAP gross margin percentage: 66 percent plus or minus a couple percentage points, excluding certain accounting impacts and expenses related to acquisitions.
  • R&D plus MG&A spending: approximately $4.3 billion.
  • Amortization of acquisition-related intangibles: approximately $75 million.
  • Impact of equity investments and interest and other: a net loss of approximately $30 million.
  • Depreciation: approximately $1.4 billion.
  • Tax Rate: approximately 28 percent.
  • Full-year capital spending:  $10.5 billion, plus or minus $300 million.
  • 2011 will have 53 weeks of business versus the typical 52 weeks.


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 Dec. 16 unless earlier updated; except that the Business Outlook for amortization of acquisition-related intangibles, impact of equity investments and interest and other, and tax rate, will be effective only through the close of business on Oct. 25. Intel’s Quiet Period will start from the close of business on Dec. 16 until publication of the company’s fourth-quarter earnings release, scheduled for Jan. 19, 2012. 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 fourth 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 the important factors that could cause actual results to differ materially from the company’s expectations.

  • Demand could be different from Intel's expectations due to factors including changes in business and economic conditions, including supply constraints and other disruptions affecting customers; customer acceptance of Intel’s and competitors’ products; changes in customer order patterns including order cancellations; and changes in the level of inventory at customers. Uncertainty in global economic and financial conditions poses a risk that consumers and businesses may defer purchases in response to negative financial events, which could negatively affect product demand and other related matters.
  • Intel operates in intensely competitive industries that are characterized by a high percentage of costs that are fixed or difficult to reduce in the short term and product demand that is highly variable and difficult to forecast. Revenue and the gross margin percentage are affected by the timing of Intel product introductions and the demand for and market acceptance of Intel's products; actions taken by Intel's competitors, including product offerings and introductions, marketing programs and pricing pressures and Intel’s response to such actions; and Intel’s ability to respond quickly to technological developments and to incorporate new features into its products.
  • Intel is in the process of transitioning to its next generation of products on 22nm process technology, and there could be execution and timing issues associated with these changes, including products defects and errata and lower than anticipated manufacturing yields.
  • The 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; product mix and pricing; the timing and execution of the manufacturing ramp and associated costs; start-up costs; excess or obsolete inventory; changes in unit costs; defects or disruptions in the supply of materials or resources; product manufacturing quality/yields; and impairments of long-lived assets, including manufacturing, assembly/test and intangible assets.
  • Expenses, particularly certain marketing and compensation expenses, as well as restructuring and asset impairment charges, vary depending on the level of demand for Intel's products and the level of revenue and profits.
  • 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.
  • 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.
  • The majority of Intel’s non-marketable equity investment portfolio balance is concentrated in companies in the flash memory market segment, and declines in this market segment or changes in management’s plans with respect to Intel’s investments in this market segment could result in significant impairment charges, impacting restructuring charges as well as gains/losses on equity investments and interest and other.
  • 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 and divestitures.
  • 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 and other issues, such as the litigation and regulatory matters described in Intel's SEC reports. An unfavorable ruling could include monetary damages or an injunction prohibiting us 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 report on Form 10-Q for the quarter ended July 2, 2011.


Earnings Webcast


Intel will hold a public webcast at 2:30 p.m. PDT today on its Investor Relations website at www.intc.com. A webcast replay and MP3 download will also be made available on the site.


Intel plans to report its earnings for the fourth quarter of 2011 on Thursday, Jan. 19, 2012.  Immediately following the earnings report, the company plans to publish a commentary by Stacy J. Smith, vice president and chief financial officer, at www.intc.com/results.cfm. A public webcast of Intel’s earnings conference call will follow at 2:30 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. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.


Intel, the Intel logo and Intel Atom are trademarks of Intel Corporation in the United States and other countries.


* Other names and brands may be claimed as the property of others.

The Wall Street Journal's Technology Innovation Awards named Intel's Tri-Gate transistor the semiconductor innovation of the year. Award criteria included breaking with conventional processes in the field and having wide impact on its field or on future technology.For the first time since the invention of silicon transistors over 50 years ago, transistors using a 3-D structure will be put into high-volume manufacturing. Tri-Gate transistors will go into production by the end of this year in an Intel chip codenamed "Ivy Bridge."

In the Intel AppUpSM center’s riveting zombie game, The Last Stand, survive as long as you can and avoid flesh ripping death. The highest zombie 'kill' count wins! In Zombie Shooter, the human race is in danger again. Save humanity from total annihilation by fighting your way through contaminated hordes. In The Saddest Zombie, ghoultide meets yuletide as a little zombie boy discovers the meaning of Christmas. In this game, spot the difference between two pictures in 28 levels. Get these zombielicious games in the Intel AppUpSM center.

David Brian Johnson, Intel’s futurist will be at Comic-Con New York this weekend. On Saturday, Oct. 15 attend Johnson’s screening of “Vintage Tomorrows” at 1B01 to see a preview of a new documentary about what steampunk culture can teach about the future. Johnson will also be speaking on a panel Oct. 15, “Sci-Fi Prototyping: Designing the Future” panel, 5:15-6:15 p.m., 1A24, along with bestselling authors Cory Doctorow (“Little Brother”) and Douglas Rushkoff (“Life, Inc.”). On Oct. 16  Johnson’s panel “Screen Future: Gaming, Comics and TV Around the World and Five Years From Now,”  will be at 12-1 p.m., 1A15 and he will be joined by industry luminaries Craig Engler (senior executive, Syfy channel) and Jim Shooter (legendary creator, Dark Horse Comics), as they discuss the digital future of entertainment. For those unable to go in person, catch up with the Tomorrow Project’s latest books, projects and video conversations online.

NYSE Technologies recently launched the Capital Markets Community Platform, the financial services industry’s first cloud platform. Powered by Intel® Xeon®-based blade servers, the community platform supports a vast ecosystem of NYSE Technologies clients, including small and large banks and asset managers, allowing them to create new products and services that will help decrease friction and costs in global trading. To learn more, check out this video, in which Kirk Skaugen from Intel, Stanley Young from NYSE Technologies and Steve Herrod from VMware discuss this groundbreaking cloud computing platform.

In a haunting tale, a young girl explores her father's antique shop where she discovers a mysterious, mechanical box. The device magically sucks Vanessa and her world inside. Now, Vanessa must use her considerable puzzle-solving skills to twist and turn her way to freedom, in this spine-tingling Mario-meets-Rubik's-Cube game. Feed the need for more thrills with Hangman Haunting - a ghostly take on the classic game of hangman. Download Vanessa Saint-Pierre Delacroix And Her Nightmare and Hangman Haunting on the Intel AppUpSM center.

SANTA CLARA, Calif., Oct. 6, 2011 – CinemaNow, Best Buy's digital entertainment service, and Intel Corporation are giving people the ability to enjoy a larger library of premium high-definition content on their PCs. For the first time, CinemaNow will offer 1080p HD movies for rental and purchase on 2nd generation Intel® Core™ processor-based PCs with Intel® Insider™ technology.


Previously, only standard-definition movies had been available from CinemaNow on the PC. CinemaNow has now added several hundred new releases and popular catalog titles in HD from 20th Century Fox1 and Warner Bros. Digital Distribution for people who have Intel Insider on their desktop, laptop or Ultrabook™. This is in addition to the 15,000 movies and TV episodes CinemaNow already boasts in its regular catalog. HD content offerings from CinemaNow and Intel Insider are expected to grow as more new releases and catalog titles are added weekly.


CinemaNow offers instant access to an extensive library of premium movie and TV content with no subscription required. Through the service, people can easily access video content on a wide range of Internet-connected devices.


Intel Insider technology is a feature of 2nd generation Intel Core processors that opens up a whole world of premium movies and entertainment right from a PC. Previously, much of the 1080p HD content had not been available on the PC due in part to content owner concerns about security. Intel Insider is a hardware-based protection technology that was designed to enhance security features in 2nd generation Intel Core processors, which is the fastest-shipping product in Intel history at over 75 million units shipped to date. With that, Intel Insider is available to an immense user base that continues to increase greatly by the day.


"We're thrilled to be among the first digital services to give customers the ability to watch full-HD content on the PC via the Intel Insider technology," said Chris Homeister, senior vice president and general manager for entertainment at Best Buy. "With the new technology, we have further expanded our service, therefore enabling more people to seamlessly enjoy high-definition content on more devices."


"Our collaboration with CinemaNow has resulted in making the computer an even more compelling platform for enjoying and delivering digital entertainment," said George Thangadurai, general manager of the PC Client Services Group at Intel. "Intel Insider has opened the doors for premium content on more devices, and we're looking forward to deploying this technology in next-generation Intel Core processor-based PCs1."


"The partnership with Intel and Best Buy's CinemaNow to bring HD digital downloads of our movies to the PC will expand our reach to millions of devices in the U.S. and potentially more around the world," said Mike Dunn, worldwide president, Twentieth Century Fox Home Entertainment.


"CinemaNow and Intel are making secure HD content distribution a reality on the personal computer, which is one of the most adaptable devices in the world," said Thomas Gewecke, president of Warner Bros. Digital Distribution. "We're delighted that consumers will be able to enjoy our latest movie releases on their PCs."


About CinemaNow
CinemaNow is a digital entertainment service that offers instant access to an extensive library of premium video content for rental or purchase, including new release movies and TV shows, with no subscription required. Through the service, customers can seamlessly access content on a wide range of Internet-connected devices, including TVs, Blu-Ray Disc* players and PCs from multiple manufacturers.


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. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.


Intel is a trademark of Intel Corporation in the United States and other countries.


* Other names and brands may be claimed as the property of others.

1 Availability of premium content may vary.

Intel is bringing its trademark innovation and game-changing technologies to the challenges facing healthcare in the 21st century. October 4-6, free series of webcasts addressing healthcare technology innovation and the methodologies, tools and technologies driving the next generation of healthcare delivery. There will also be an opportunity to ask questions of the panelists at the end of each webcast. More info here. For a sneak peek from U.S. Department of Health and Human Services CTO Todd Park, check out the following video: http://www.youtube.com/watch?v=49RY-qHU6cs

Travel to 1692, and discover one of the most tragic events in American history with the Intel AppUpSM center’s  History Channel Trivia Challenge 2.0. This app is free for a limited time and will test your history knowledge. Then apply your newly gained knowledge in Midnight Mysteries: Salem Witch Trials. In this game, the famed writer Nathaniel Hawthorne has died in a freak snow storm, and his ghost has asked you to free his spirit by solving his mysterious death. In Lost Chronicles: Salem, your mom has been accused by the Salem townsmen of witchcraft. Help prove your mother's innocence by solving the mystery of the Salem Witch Trials.

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