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The Open Data Center Alliance (ODCA) will host Forecast 2012: Shaping the Future of Cloud Computing, on June 12 in New York City. The event, held in conjunction with the 10th Annual International Cloud Expo, will be open to Alliance members, partner organizations and companies interested in addressing the most pressing challenges associated with cloud computing. Tracks at Forecast 2012 will include security in the cloud, cloud standardization, and simplified cloud management, and panels will focus on the ODCA usage models,  including the latest publications from the Alliance. Intel is technical advisor to the Alliance. Get information on registration and sponsorship opportunities at Forecast 2012.

Save the Date

The Creators Project - San Francisco 2012

In its third year, The Creators Project – an ongoing global initiative by Intel and VICE dedicated to supporting artists in realizing their creative visions through technology – will kick off 2012 with its first-ever San Francisco event. With towering multimedia art installations, live music performances, film screenings, and interactive panels, the event will be held Mar. 17-18 at the historic Fort Mason in the world’s epicenter of technology and innovation. Installations will include Origin, a striking 40-foot by 40-foot audiovisual installation by United Visual Artists, as well as many other art installations, bands, films, and workshops produced by The Studio, The Creators Project’s content-creation studio. The full line-up and schedule will be released in the coming weeks.

Beating out nearly 80,000 entries from across the country, Diane Scher, a technology assistant at North Myrtle Beach Primary School, won the “Catch Me Being Curious” national sweepstakes and the prize of an all-expenses-paid family vacation to Yellowstone National Park. “Catch Me Being Curious” is a part of Curiosity in the Classroom, an interactive, science-based educational tool from Discovery Education and Intel Corporation that brings concepts from Discovery Channel’s “Curiosity” series to life. Learn more about Intel’s commitments to education.

Collaboration Will Provide Technological Infrastructure to Train Health Workers in Emerging Markets

 

   

NEWS HIGHLIGHTS

  • Intel and the United Nations Population Fund (UNFPA), are working together to advance the quality of care provided to women and newborns by strengthening the skills of midwives and other frontline healthcare workers using technology.
  • The program will use software and technical assistance provided by Intel and training content provided by UNFPA.
  • Initial collaboration will focus on 3-5 high-burden maternal death countries in 2012.

 

 

UNITED NATIONS, New York and SANTA CLARA, Calif., Jan. 30, 2012 – The high number of unnecessary deaths during pregnancy and childbirth is unacceptable for Intel Corporation and UNFPA, the United Nations Population Fund.

 

In an effort to combat that statistic, Intel and the United Nations agency, also known as UNFPA, today announced a joint commitment to strengthen the skills of midwives and community health workers through technology and training materials from the two organizations. The new initiative will increase the capacity of health workers around the world through software and technical assistance provided by Intel and wider availability of higher-quality education through training and materials furnished by UNFPA. Boosting the skills and quality of services provided by frontline health workers isthe goal of this effort.

 

Intel will build on its commitment to the United Nations "Every Woman, Every Child" initiative to help train 1 million frontline healthcare workers by 2015 under the Intel 1Mx15 Health initiative. According to the United Nations, every year, about 360,000 women die in pregnancy or childbirth and up to 2 million babies die within the first 24 hours of life, largely because they don't have access to properly trained health workers.

 

As part of the initiative, the Intel skoool™ Healthcare Education Platform will provide open access multi-media content delivery in an anytime, anywhere capacity. The content delivery and assessment platform will further educate and train midwives and other frontline healthcare workers. Additionally, Intel will work with various governments to help increase the availability, affordability and usage of technology in order to enable healthy lives.

 

UNFPA, a UN agency dedicated to improving maternal health, will develop the content and training for health workers, together with relevant partners and professional organizations at country and international levels. UNFPA will also engage national stakeholders to ensure the sustainability and multiplier effect of the program.

 

"We are looking forward to working with UNFPA to improve training for healthcare workers through technology and education," said Mike Gann, director of global healthcare for the World Ahead Program at Intel. "By increasing the accessibility and affordability of ICT solutions, we would be able to equip the workforce with the correct tools to improve women and children's health."

 

Countries with high rates of maternal and newborn death will pilot the program. The collaboration will bring new forms of technology and training to the hardest hit areas of India, Bangladesh and Ghana.

 

"With this innovative collaboration, we are putting game-changing technology into the hands of the people who are saving the lives of women and newborns around the world," said Werner Haug the UNFPA technical division director. "UNFPA is inspired by Intel's commitment and we look forward to strengthening the work for safe motherhood."

 

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.

 

About UNFPA
UNFPA, the United Nations Population Fund, is an international development agency that promotes the right of every woman, man and child to enjoy a life of health and equal opportunity. UNFPA supports countries in using population data for policies and programmes to reduce poverty and to ensure that every pregnancy is wanted, every birth is safe, every young person is free of HIV/AIDS, and every girl and woman is treated with dignity and respect.
More information about UNFPA is available at www.unfpa.org.

 

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.

Intel has signed an agreement with RealNetworks to purchase approximately 190 patents and 170 patent applications worldwide, as well as next-generation video codec software, for $120 million. As part of the agreement, Intel will acquire RealNetworks’ foundational streaming media patents, expanding Intel’s diverse and extensive portfolio of intellectual property.  The acquisition also enhances our ability to continue to offer richer experiences and innovative solutions to end users across a wide spectrum of devices, including through Ultrabook devices, smartphones and digital media. RealNetworks will retain certain rights to continue using the patents in current and future products.

SANTA CLARA, Calif., Jan. 25, 2012 – Intel Corporation's board of directors has declared a 21 cents per share (84 cents per share on an annual basis) quarterly dividend on the company's common stock. The dividend will be payable on March 1, 2012 to stockholders of record on Feb. 7, 2012.

 

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 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 Science Talent Search 2012 Finalists Poised to Address the World's Greatest Issues

 

   

NEWS HIGHLIGHTS

  • Forty future leaders were recognized as finalists in the Intel Science Talent Search 2012, a program of Society for Science & the Public.
  • The Intel Science Talent Search finalists represent the nation's most promising high school seniors with the greatest potential to solve pressing challenges in the world.
  • Finalists will gather in Washington, D.C. in March to compete for $630,000 in awards with the top winner receiving $100,000 from the Intel Foundation.

 

 

SANTA CLARA, Calif., Jan. 25, 2012 – Forty future leaders were recognized as finalists in the Intel Science Talent Search 2012, a program of Society for Science & the Public. From alternative energy solutions and landmine detection technology, to diabetic research and photodynamic cancer therapy, these 40 high school seniors are poised to be the next scientific leaders and to help solve some of the world's greatest challenges. For a list of this year's finalists, visit www.societyforscience.org/sts.

 

The Intel Science Talent Search is the country's oldest and most prestigious pre-college science competition, which encourages students to tackle challenging scientific questions and develop the skills to solve the problems of today and tomorrow. Participants are judged on both their original scientific research and on their achievement and leadership, inside and outside the classroom. The 40 finalists will gather in Washington, D.C. from March 8-13 to compete for $630,000 in awards. The top winner will receive $100,000 from the Intel Foundation.

 

"The U.S. needs these talented innovators to go as far and as fast as they can, solving the world's most critical challenges, imagining – and creating -- a new and better future for us all," said Wendy Hawkins, executive director of the Intel Foundation. "Math and science are the language and tools of this innovation – that's why Intel is so proud to invest in these students, and to advance math and science education for all students."

 

Society for Science & the Public, a nonprofit membership organization dedicated to public engagement in scientific research and education, has owned and administered the Science Talent Search since its inception in 1942.

 

"Tackling real-world challenges from cancer to Internet security to alternative energy solutions, this year's finalists are a true inspiration," said Society President Elizabeth Marincola. "We join with Intel in congratulating them on this tremendous honor, and commend the mentors, teachers, schools, parents and communities that have contributed to their success."

 

Intel Science Talent Search 2012 Fast Facts

  • The Intel Science Talent Search 2012 finalists hail from 16 states and represent 39 schools.
  • More than 47 percent of this year's finalists go to school in either New York or California.
  • The independent research projects of this year's finalists include topics such as photodynamic cancer therapy; breast cancer research; innovative water conservation solutions; fiber optic research related to Internet data security; alternative energy solutions; and landmine detection technology.            
  • "Bioengineering" is a new category added to this year's competition. Two finalists have research projects in this category.
  • Finalists will gather in Washington, D.C. for a week-long event from March 8-13. They will undergo a rigorous judging process and meet with national leaders. In past years this has included a visit with the President, interaction with preeminent scientists and display of their research at the National Geographic Society. Top winners will be announced at a black-tie gala awards ceremony at the National Building Museum on March 13.

 

Young innovators chosen to participate in the Science Talent Search over the past 70 years have gone on to receive some of the world's most prestigious honors. For example, Science Talent Search alumni have gone on to win seven Nobel Prizes, two Fields Medals, three National Medals of Science, 11 MacArthur Foundation Fellowships and even an Academy Award for Best Actress.

 

Intel has sponsored the Intel Science Talent Search and the Intel International Science and Engineering Fair for 14 and 15 years, respectively. Because Intel views education as the foundation for innovation, Intel and the Intel Foundation have invested more than $1 billion over the past decade, and Intel employees have donated close to 3 million hours toward improving education in more than 60 countries.

 

To get the latest Intel education news, visit www.intel.com/newsroom/education, and join the conversation on Facebook and Twitter.

 

To learn more about Society for Science & the Public and historical information on the Intel Science Talent Search, visit www.societyforscience.org, follow Society for Science & the Public on Twitter at www.twitter.com/society4science, or visit Society for Science & the Public's Facebook page at www.facebook.com/societyforscience.

 

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.

The White House announced that President Barack Obama will visit the Intel Ocotillo campus in Chandler, Ariz. on Jan. 25 as part of a U.S. tour in the days following his State of the Union address. The President visited the Intel Oregon campus in 2011 and, during that visit, Intel announced a $5 billion investment to build Fab 42 in Chandler, Ariz. This visit presents an opportunity to showcase progress on the construction of Fab 42 and the investment in action. When complete, Intel’s Fab 42 will be the most advanced high-volume semiconductor manufacturing facility in the world. The President’s remarks will be streamed live on whitehouse.gov/live around 5 p.m. MT tomorrow.

F42-Obama-1347lr.jpgPresident Barack Obama delivering remarks at Intel’s Fab 42 construction site Jan. 25, 2012.

F42-Obama-3135lr.jpgIntel Fab 42 Construction Manager Preston McDaniel welcoming President Barack Obama to Intel’s Fab 42 construction site Jan. 25, 2012.

Fab 42 Artist Rendering.jpgArtist's rendering of the $5 billion new chip manufacturing facility and support buildings to be built at Intel's site in Chandler, Ariz. The new factory, designated Fab 42, will be the most advanced, high-volume semiconductor manufacturing facility in the world. Construction is underway and is expected to be completed in 2013.

Recognizing the top processor products of 2011, industry analyst firm The Linley Group today announced the 2nd generation Intel® Core™ processor (code-name Sandy Bridge) is winner of their first annual Analysts' Choice Award for Best PC Processor. In another nod to Intel, The Linley Group noted that the initial prototype for the "Analysts' Choice Award for Best Technology of 2011" - Micron's Hybrid Memory Cube - was developed in collaboration with Intel Labs researchers, who paired the cube with an extremely energy efficient, high-bandwidth memory interface. In addition, the January 23, 2012 Microprocessor Report highlights 2011 as "Intel's Innovative Year," and mentions other noteworthy technologies including: Intel Tri-gate transistors, Intel® AVX2 instruction set (for the upcoming Haswell processor), Thunderbolt™ Technology, with origins in Intel Labs and Near-Threshold Voltage (NTV) technology. For more information about these accolades and technologies visit https://blogs.intel.com/technology/2012/01/intels-innovative-year-sandy-bridge-wins-best-processor/.

Technology and Expertise from QLogic Augment Networking Portfolio with Best-in-Class High-Performance Computing Fabric Technology

 

SANTA CLARA, Calif., Jan. 23, 2012 – Intel Corporation today announced that it has entered into a definitive agreement with QLogic to acquire the product lines of and certain assets related to its InfiniBand business. A significant number of the employees associated with this business are expected to accept offers to join Intel.

 

This acquisition is designed to enhance Intel’s networking portfolio and provide scalable high- performance computing (HPC) fabric technology as well as support the company’s vision of innovating on fabric architectures to achieve ExaFLOP/s performance by 2018. An ExaFLOP/s is a quintillion computer operations per second, a hundred times more than today’s fastest supercomputers.

 

The deal is expected to close by the end of the current quarter pending customary closing conditions being met.

 

“At the International Supercomputing Conference 2011, Intel unveiled a bold vision to redefine HPC performance and break the Exascale barrier by 2018,” said Kirk Skaugen, vice president and general manager of Intel’s Data Center and Connected System Group. “The technology and expertise from QLogic provide important assets to provide the scalable system fabric needed to execute on this vision. Adding QLogic’s InfiniBand product line to our networking portfolio will bring increased options and exceptional value to our datacenter customers.”

 

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 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 fabs are some of the most technically advanced manufacturing facilities in the world - as complex as the chips that get made inside them. Intel’s upcoming Fab 42, now under construction in Arizona, was recently toured by Chris Nuttall of The Financial Times (“Intel’s Chip Plans Bloom in the Desert”) and Dan Hutcheson of VLSI Research (“The Cooks Tour: Intel Fab 42”). See also our blog post, “What’s Behind the Products You Love?,” for interesting stats behind how massive an undertaking it is to build a new semiconductor fab.

Is one of your New Year’s resolutions to finally start small business or have that garage sale? Begin publicizing your business or garage sale with Easy Flyer Creator, now available in Intel AppUpSM center. With Easy Flyer Creator, you can easily design flyers, brochures and other documents such as door hangers, coupons and tickets. Easy Flyer Creator is a simple desktop publishing software app that automatically builds your flyers and other publishing materials for you. Just simply provide photos and become a publishing expert in no time! For a limited time, get the app for $4.99 (regular price $39.99) at the Intel AppUp center.

Intel Names Chief Operating Officer and Chief Product Officer

 

 

SANTA CLARA, Calif., Jan. 20, 2012 – Intel Corporation announced a number of executive promotions and rotations today that recognize outstanding performance and assign new responsibilities as part of Intel's commitment to management development.

 

As previously announced by Intel’s board of directors, Andy Bryant will move from vice chairman of the board to full-time executive chairman at the company’s Annual Stockholders’ Meeting in May. In anticipation of that change, Intel is promoting two senior executives, one of whom will take on much of Bryant’s prior responsibilities.

 

First, the company has promoted Brian Krzanich to chief operating officer, reporting to Paul Otellini, president and CEO. Krzanich had previously been a senior vice president in charge of Intel’s worldwide manufacturing. In his new role, Krzanich will continue to oversee manufacturing and also take on responsibility for internal IT and human resources, functions that previously reported into Bryant.

 

Secondly, in recognition of his outstanding work in developing the Intel® Architecture product portfolio, Dadi Perlmutter is being promoted to chief product officer. Perlmutter will continue to lead the Intel Architecture Group and continue reporting to Otellini.

 

Stacy Smith, senior vice president and chief financial officer, will now report directly to Otellini. He had previously reported to Bryant.

 

Bill Holt, senior vice president and head of Technology Development, will also now report directly to Otellini. He, too, had reported to Bryant. Holt and Krzanich will continue to co-manage the Technology and Manufacturing Group, allowing Intel to maintain the critical, close collaboration between semiconductor process technology development and manufacturing.

 

Kirk Skaugen, Intel vice president and head of Intel’s data center business, will become the new head of the PC Client Group (PCCG), succeeding Intel Vice President Mooly Eden, and reporting to Perlmutter. After 9 years in the United States, Eden is moving back to Israel at his request and will assume the position of president and general manager, Intel Israel, reporting to Perlmutter. While in the United States, Eden led Intel’s mobile PC business before being promoted to run PCCG, Intel’s largest product group, in 2009.

 

Diane Bryant, Intel vice president and CIO, will lead the data center business and succeed Skaugen as general manager of that group. She will report to Perlmutter.

 

Kim Stevenson, vice president of IT Global Operations and Services, will succeed Diane Bryant as CIO and report to Krzanich.

 

The organization changes will become effective over the next 30 days, and are designed to create a series of smooth management transitions.

 

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 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.

$18 Billion in Dividends, Buybacks Returned to Stockholders

 

 

SANTA CLARA, Calif., Jan. 19, 2012 – Intel Corporation today reported full-year revenue of $54 billion, operating income of $17.5 billion, net income of $12.9 billion and EPS of $2.39 -- all records. The company generated approximately $21 billion in cash from operations, paid dividends of $4.1 billion and used $14.1 billion to repurchase 642 million shares of stock.

 

For the fourth quarter, Intel posted revenue of $13.9 billion, operating income of $4.6 billion, net income of $3.4 billion and EPS of 64 cents. The company generated approximately $6.6 billion in cash from operations, paid dividends of $1.1 billion and used $4.1 billion to repurchase 174 million shares of stock.

 

“2011 was an exceptional year for Intel,” said Paul Otellini, Intel president and CEO.  “With outstanding execution the company performed superbly, growing revenue by more than $10 billion and eclipsing all annual revenue and earnings records. With a tremendous product and technology pipeline for 2012, we’re excited about the global growth opportunities presented by Ultrabook systems, the data center, security and the introduction of Intel-powered smartphones and tablets.”

 

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 Jan. 19.

 

Q1 2012 (GAAP, unless otherwise stated)

  • Revenue: $12.8 billion, plus or minus $500 million.
  • Gross margin percentage: 63 percent and 64 percent Non-GAAP (excluding amortization of acquisition-related intangibles), both plus or minus a couple percentage points.
  • R&D plus MG&A spending: approximately $4.4 billion.
  • Amortization of acquisition-related intangibles: approximately $75 million.
  • Impact of equity investments and interest and other: approximately zero.
  • Depreciation: approximately $1.5 billion.

 

Full-Year 2012 (GAAP, unless otherwise stated)

  • Gross margin percentage: 64 percent and 65 percent Non-GAAP (excluding amortization of acquisition-related intangibles), both plus or minus a few percentage points.
  • Spending (R&D plus MG&A): $18.3 billion, plus or minus $200 million.
  • R&D spending: approximately $10.1 billion.
  • Amortization of acquisition-related intangibles: approximately $300 million.
  • Depreciation: $6.5 billion, plus or minus $100 million.
  • Tax Rate: approximately 29 percent.
  • Full-year capital spending: $12.5 billion, plus or minus $400 million.

 

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 March 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 Jan. 26. Intel’s Quiet Period will start from the close of business on March 16 until publication of the company’s first-quarter earnings release, scheduled for April 17. 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.

 

Non-GAAP Financial Comparison

Annual

2011

2010

vs. 2010

Revenue

$54.2 billion

$43.6 billion

up 24%

Gross Margin

63.6%

65.5%

down 1.9 pts.

Operating Income

$18.4 billion

$15.7 billion

up 18%

Net Income

$13.7 billion

$11.5 billion

up 19%

Earnings Per Share

$2.53

$2.02

up 25%

Non-GAAP results exclude certain acquisition accounting impacts and expenses related to acquisitions and the related income tax effects of these charges. Also, McAfee Inc. and Intel Mobile Communications contributed revenue of approximately $3.6 billion in 2011 and were not included in the results for 2010.

 

GAAP Financial Comparison

Annual

2011

2010

vs. 2010

Revenue

$54.0 billion

$43.6 billion

up 24%

Gross Margin

62.5%

65.3%

down 2.8 pts.

Operating Income

$17.5 billion

$15.6 billion

up 12%

Net Income

$12.9 billion

$11.5 billion

up 13%

Earnings Per Share

$2.39

$2.01

up 19%

 

 

Non-GAAP Financial Comparison

Quarterly

Q4 2011

Q4 2010

vs. Q4 2010

Revenue

$13.9 billion

$11.5 billion

up 22%

Gross Margin

65.5%

64.8%

up 0.7 pts.

Operating Income

$4.8 billion

$4.0 billion

up 20%

Net Income

$3.5 billion

$3.2 billion

up 11%

Earnings Per Share

68 cents

56 cents

up 21%

Non-GAAP results exclude certain acquisition accounting impacts and expenses related to acquisitions and the related income tax effects of these charges. Also, McAfee Inc. and Intel Mobile Communications contributed revenue of approximately $1 billion in Q4 ’11 and were not included in the results for Q4 ’10.

 

GAAP Financial Comparison

Quarterly

Q4 2011

Q4 2010

vs. Q4 2010

Revenue

$13.9 billion

$11.5 billion

up 21%

Gross Margin

64.5%

64.6%

down 0.1 pts.

Operating Income

$4.6 billion

$4.0 billion

up 14%

Net Income

$3.4 billion

$3.2 billion

up 6%

Earnings Per Share

64 cents

56 cents

up 14%

 

Q4 and 2011 Key Financial Information (GAAP)

 

Q4 Business unit revenue:

  • PC Client Group revenue of $9 billion, up 17 percent year-over-year.
  • Data Center Group revenue of $2.7 billion, up 8 percent year-over-year.
  • Other Intel® architecture group revenue of $1.1 billion, up 35 percent year-over-year.
  • Intel® Atom™ microprocessor and chipset revenue of $167 million, down 57 percent year-over-year.
  • McAfee Inc. and Intel Mobile Communications contributed revenue of approximately $1 billion.

 

Full Year Business unit revenue:

  • PC Client Group had revenue of $35.4 billion, up 17% from 2010.
  • Data Center Group had revenue of $10.1 billion, up 17% from 2010.
  • Other Intel architecture group had revenue of $5.0 billion, up 64% from 2010.
  • Intel Atom microprocessor and chipset revenue of $1.2 billion, down 25% from 2010.
  • McAfee Inc. and Intel Mobile Communications contributed revenue of $3.6 billion.

 

Risk Factors

The above statements and any others in this document that refer to plans and expectations for the first 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.
  • 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.
  • 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.
  • 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 Oct. 1, 2011.

 

Earnings Webcast

Intel will hold a public webcast at 2:30 p.m. PST 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 first quarter of 2012 on April 17. Immediately following the earnings report, the company plans to publish a commentary by Stacy J. Smith, senior 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. PST 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, Intel Atom and Ultrabook are trademarks of Intel Corporation in the United States and other countries.

 

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

FORTUNE Magazine's annual "100 Best Companies to Work For" list is out, with Intel coming in at #46 (#51 in 2011). Driving the ranking is employee surveys across America covering a range of topics, including management credibility, job satisfaction, benefits, trainings, diversity efforts and internal communication. Intel was also featured in FORTUNE's "They're Hiring" (#9) as well as the "25 Top Paying Companies" (#15). To learn more about why Intel is a 'best company', visit Intel's Jobs Blog.

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