1 63 64 65 66 67 95 Previous Next

Intel Newsroom

1,423 Posts

Julie Clugage, manager of global operations and communications for Intel’s Education Markets Platform Group has been selected as one of CRN magazine’s Power 100: The Most Powerful Women Of The Channel 2011. The honor recognizes Julie, among others, for their professional achievements and impact in the technology channel.

SANTA CLARA, Calif., July 27, 2011 – 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, reflecting the previously announced 16 percent increase from May 11.

 

The dividend will be payable on Sept. 1, 2011 to stockholders of record on Aug. 7, 2011.

 

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.

SANTA CLARA, Calif., July 26, 2011 –The board of directors elected Andy Bryant as vice chairman of the board, a new position, in preparation for him to be elected Intel’s next Chairman following the company’s annual stockholders’ meeting scheduled for May of 2012.  He will serve alongside the current chairman, Jane Shaw, until she retires from the board next May.

 

The board temporarily expanded from 10 to 11 members with Bryant’s election as vice chairman.  Bryant, the former longstanding CFO of the company and now chief administrative officer (CAO), is the second Intel officer to serve on the current board, in addition to Paul Otellini, president and chief executive officer.  When Bryant becomes executive chairman, the board will concurrently re-establish the position of lead director to be held by an independent, non-employee director.

 

“The board welcomes the addition of Andy Bryant to its ranks and looks forward to his service as the next chairman,” said Shaw, non-executive chairman.  “His deep knowledge of Intel and his unmatched wisdom will serve the company well.”

 

The election of Bryant follows a long corporate practice of senior officer and board succession planning in which the board seeks to identify a person with the particular skills and experience considered most appropriate at the time.  Bryant brings a wealth of experience at Intel that includes 13 years of service as CFO, and more recently, as the senior executive responsible for the Technology and Manufacturing Group, Information Technology, Human Resources and Finance.  Bryant will transition out of the CAO position next May as he takes on the full-time chairman responsibilities.

 

“I am excited about this new position for Andy and look forward to continuing to work closely with him as he assumes his new responsibilities” said Otellini.

 

Andy Bryant is currently a member of the Board of McKesson, the leading healthcare distributor in the US, where he serves as Chair of the Finance Committee and a member of the Audit Committee. He also is a Director of Columbia Sportswear Company and Kryptiq, Inc

 

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 is organizing the Intel APAC Cloud Summit 2011 in Penang, Malaysia on July 26th 2011. At the summit, Intel will share its vision and strategy on cloud computing, updates on latest cloud innovations and industry enablement efforts on benefits of cloud computing to enterprises across the region. The program highlights entails Intel® Cloud Builders’ reference architecture case study, demo showcase with partners, and a keynote on cloud computing trends by IDC Asia Pacific. Learn how Intel is bringing the promise of cloud to reality with its Cloud 2015 Vision.

Score with  Intel AppUpSM center this summer and convert your netbook or laptop into a virtual rec room this summer. Strive to keep the ball in play in Pinball HD where it simulates the real thrill of Pinball with three different tables, missions, settings and characters. Or score the game-winning shot in Foosball. Pool9Ball challenges players to pot as many balls as you can before the time runs out in this billiards game.

All Business Segments Report Double-Digit Revenue Growth Year-over-Year

 

Non-GAAP Results

  • Revenue: A record $13.1 billion, up $2.3 billion, 22 percent year-over-year
  • Gross margin: 62 percent, down 5.5 percentage points year-over-year
  • Operating income: $4.2 billion, up $221 million, 6 percent year-over-year
  • Net income: $3.2 billion, up $290 million, 10 percent year-over-year
  • EPS: 59 cents, up 8 cents, 16 percent year-over-year

 

GAAP Results

  • Revenue: A record $13.0 billion, up $2.3 billion, 21 percent year-over-year
  • Gross margin: 61 percent, down 6.6 percentage points year-over-year
  • Operating income: $3.9 billion, down $46 million, 1 percent year-over-year
  • Net income: $3.0 billion, up $67 million, 2 percent year-over-year   
  • EPS: 54 cents, up 3 cents, 6 percent year-over-year

 

 

SANTA CLARA, Calif., July 20, 2011 – Intel Corporation today reported its fifth consecutive quarter of record revenue, with double-digit revenue growth across all business segments.

 

On a Non-GAAP basis, revenue was $13.1 billion, operating income was $4.2 billion, net income was $3.2 billion, and EPS was 59 cents.  On a GAAP basis, the company reported second-quarter revenue of $13.0 billion, operating income of $3.9 billion, net income of $3.0 billion, and EPS of 54 cents.

 

The company generated approximately $4.0 billion in cash from operations, paid cash dividends of $961 million, and used $2.0 billion to repurchase 93 million shares of common stock.

 

“We achieved a significant new milestone in the second quarter, surpassing $13.0 billion in revenue for the first time,” said Paul Otellini, Intel president and CEO. “Strong corporate demand for our most advanced technology, the surge of mobile devices and Internet traffic fueling data center growth, and the rapid rise of computing in emerging markets drove record results. Intel’s 23 percent revenue growth in the first half and our increasing confidence in the second half of 2011 position us to grow annual revenue in the mid-20 percent range.”

 

Non-GAAP Financial Comparison

Quarterly Results

Q2 2011

vs. Q1 2011

vs. Q2 2010

Revenue

$13.1 billion

up 2%

up 22%

Operating Income

$4.2 billion

down 2%

up 6%

Net Income

$3.2 billion

down 3%

up 10%

Earnings Per Share

59 cents

flat

up 16%

 

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

Q2 2011

vs. Q1 2011

vs. Q2 2010

Revenue

$13.0 billion

up 1%

up 21%

Operating Income

$3.9 billion

down 5%

down 1%

Net Income

$3.0 billion

down 7%

up 2%

Earnings Per Share

54 cents

down 4%

up 6%

 

Q2 2011 Key Financial Information (GAAP)

  • Business unit trends:
    • PC Client Group revenue up 11 percent year-over-year.
    • Data Center Group revenue up 15 percent year-over-year.
    • Other Intel architecture group revenue up 84 percent year-over-year, including Embedded & Communications Group revenue up 25 percent year-over-year.
    • Intel® Atom™ microprocessor and chipset revenue of $352 million, down 15 percent year-over-year.
  • The acquisitions of McAfee Inc. and Infineon Wireless Solutions (now Intel Mobile Communications) contributed revenue of $1.0 billion in their first full-quarter of results.
  • The platform average selling price (ASP) was approximately flat sequentially and up year-over-year.
  • Gross margin was 61 percent, consistent with the company’s expectation.
  • R&D plus MG&A spending was $3.9 billion, consistent with the company’s expectation.
  • Net loss of $4 million from equity investments and interest and other, versus the company’s expectation of a $50 million net gain.
  • The effective tax rate was 25 percent, below the company’s expectation of 29 percent.
  • The company used $2.0 billion to repurchase 93 million shares of common stock.
  • The second quarter of 2011 had 13 weeks of business, while the first quarter of 2011 had 14 weeks.

 

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 July 20.

 

Q3 2011 (GAAP, unless otherwise stated)

  • Revenue: $14.0 billion, plus or minus $500 million.
  • Non-GAAP revenue: $14.1 billion, plus or minus $500 million, excluding certain acquisition-related accounting impacts.
  • Gross margin percentage: 64 percent, plus or minus a couple percentage points.
  • Non-GAAP gross margin percentage: 65 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: gain of approximately $100 million.
  • Depreciation: approximately $1.3 billion.

 

Full-Year 2011 (GAAP, unless otherwise stated)

  • Gross margin percentage: 63 percent, plus or minus a couple percentage points, unchanged.
  • Non-GAAP gross margin percentage: 64 percent, plus or minus a couple percentage points, excluding certain accounting impacts and expenses related to acquisitions, unchanged.
  • Spending (R&D plus MG&A): $16.2 billion, plus or minus $200 million, up from the company’s previous expectation of $15.7 billion, plus or minus $200 million.
  • Amortization of acquisition-related intangibles: approximately $260 million, unchanged.
  • Tax rate: approximately 28 percent for the third and fourth quarters, below the company’s previous expectation of 29 percent.
  • Depreciation: $5.2 billion, plus or minus $100 million, up from the company’s previous expectation of $5.0 billion, plus or minus $100 million.
  • Capital spending: $10.5 billion, plus or minus $400 million, up from the company’s previous expectation of $10.2 billion, plus or minus $400 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 Sept. 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 July 27. Intel’s Quiet Period will start from the close of business on Sept. 16 until publication of the company’s third-quarter earnings release, scheduled for Oct. 18. 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 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.
  • 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.
  • 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 April 2, 2011.

 

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 download will also be made available on the site.

 

Intel plans to report its earnings for the third quarter of 2011 on Tuesday, Oct. 18, 2011.  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 National Science Foundation (NSF)/Technical Committee on Parallel Processing (TCPP) Curriculum Initiative on Parallel and Distributed Computing recently announced 18 universities that are being inducted into the Fall 2011 Early Adopter program. Supported by the Intel Academic Community and NSF, this program enables select university professors around the world to revamp undergraduate Computer Science and Engineering curricula to better prepare software development students to take advantage of tomorrow’s multi- and many-core technology. Students will future-proof their skills by learning how to write parallel software for multi-core processors. Get a list of the Fall 2011 Early Adopters and additional program information.

Nothing complements a new PC purchase like great software, especially when that great new software is FREE!  To commemorate the availability of a new resource center for 2nd Generation Intel® Core™ processors, Walmart and Intel have teamed up to offer free copies of Angry Birds for the PC for a limited time. New users who download the Intel AppUpSM center from the Walmart website to their new or existing PC before August 4th will receive a free copy of Angry Birds upon registration. Supplies are limited, so hurry to Walmart and start slinging those birds!

 

SANTA CLARA, Calif., July 19, 2011 – Intel Corporation today announced it signed a definitive agreement to acquire Fulcrum Microsystems Inc., a privately held fabless semiconductor company that designs Ethernet switch silicon for data center network providers.

 

“Intel is transforming from a leading server technology company to a comprehensive data center provider that offers computing, storage and networking building blocks,” said Kirk Skaugen, Intel vice president and general manager, Data Center Group. “Fulcrum Microsystems’ switch silicon, already recognized for high performance and low latency, complements Intel’s leading processors and Ethernet controllers, and will deliver our customers new levels of performance and energy efficiency while improving their economics of cloud service delivery.”

 

10 Gigabit Ethernet (10GbE) networks are one of the fastest-growing market segments in the data center today. As demand for data continues to increase, there is a growing need for high-performance, low-latency network switches to support evolving cloud architectures and the growth of converged networks in the enterprise. Fulcrum Microsystems designs integrated, standards-based 10GbE and 40 Gigabit Ethernet (40GbE) switch silicon that have low latency and workload balancing capabilities while helping provide superior network speeds.

 

Cloud computing is driving the convergence of server, storage and network technologies and solutions based around Intel® Xeon® processor solutions. IP Data Center customers need faster and more flexible networking solutions. The acquisition will fulfill an important component in Intel’s strategy to deliver comprehensive data center building blocks, from server processors and technologies to storage and networking.

 

“Customers in Web, financial services, technical and high-performance computing market segments appreciate the performance advantages Arista offers with our Extensible Operating System combined with switches based on Fulcrum Microsystems silicon,” said Andy Bechtolsheim, founder, chief development officer and chairman of Arista Networks. “Fulcrum Microsystems has architecture capabilities ideal for low-latency applications, and we are excited about the future possibilities of this technology as Fulcrum is acquired by Intel, the world’s largest semiconductor manufacturer.”

 

Founded in 1999, Fulcrum Microsystems is based in Calabasas, Calif. Additional terms of the transaction were not disclosed. The agreement is subject to the approval of Fulcrum Microsystems shareholders, regulatory approval and satisfaction of customary closing conditions. It is expected to close in the third quarter of 2011.

 

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.

Vice & Intel's Global Cultural Initiative Invades NY’s DUMBO Neighborhood for a Week-Long Event Featuring Music Performances, Art Exhibits, Panels and Screenings by Scores of Artists

 

Original Studio Works Include the World Premiere of Karen O's Psycho-Opera at St. Ann's Warehouse

 

 

KO_glances_right.jpg

Photo of Karen O from the Yeah Yeah Yeahs who is collaborating with The Creators Project to produce her upcoming psycho-opera. (Photo credit: K.K. Barrett)

NEW YORK, July 18, 2011 - The Creators Project, a global cultural and technology initiative by Vice and Intel Corporation, returns to New York this October to host a freakishly over-the-top week-long extravaganza featuring original Studio works and performances by scores of leading artists, musicians, designers and filmmakers.

 

Following last year’s launch in New York, The Creators Project’s return will feature a Karen 0 psycho-opera, an assault on the tragic joys of youth. Directed by Adam Rapp, the work will be produced by The Studio, a multimillion-dollar global studio launched this year by The Creators Project that produces and distributes works from artists representing a cross-section of creative disciplines.

 

The New York event will be anchored by a series of original Studio works from The Creators Project which have spent the last year traveling the world and will have been showcased at the Coachella Valley Music and Arts Festival, and at events in Lyon, Paris, Sao Paolo, Seoul and Beijing.

 

Earlier this year, The Creators Project radically reinvented Coachella where it was the festival’s first-ever creative partner, collaborating with Arcade Fire, Interpol and Animal Collective, and redesigning the festival’s Main Stage.

 

The Creators Project launched in 2010 to support leading and emerging artists that are pushing the boundaries of creative expression through technology. Last year’s global launch in New York featured performances and works by MIA, Interpol, Mark Ronson, Die Antwoord, Spike Jonze, Nick Zinner, Radical Friend, Sleigh Bells and others.

 

The Creators Project kicked off its international event series this year in Paris on June 9at La Gaite Lyrique where it held a series of multimedia installations, screenings, panel discussions and live musical performances. It will move to Sao Paolo, Seoul and Beijing before traveling to New York.

 

Stay tuned for additional event announcements at thecreatorsproject.com.

 

About The Creators Project
Launched in 2010, The Creators Project is an ongoing global initiative dedicated to supporting artists in realizing their creative visions through technology. The project includes an online community, a content creation studio, and a global event series. In just one year, The Creators Project has become a cultural phenomenon. Tens of thousands of guests have attended the events, and its website has attracted more than 164MM unique visitors and its video content has been viewed 79MM times.

 

The project unites a vast collection of artists, designers, musicians, and filmmakers who are using technology to push the bounds of creative expression. To date, there are more than 150 Creators involved, hailing mostly from seven countries (United States, United Kingdom, Germany, France, Brazil, South Korea and China) along with other artists from around the world.

 

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 VICE
VICE was launched in 1994 as a small print zine in Montreal and has since grown into a global media company. Since day one, technology has driven VICE forward, turning ideas into reality. Innovations in desktop publishing made VICE Magazine possible and, more recently, low cost digital filmmaking and distribution democratized the worlds of TV and film bringing about VBS.TV. As technology continues to improve, it remains VICE’s goal to give artists a platform to be presented and discussed.

 

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.

Watch out, Angry Birds! Space Runner, a brand new game app inspired by the popular LEGO® Star Wars® 3: The Clone Wars video game, has been the number one most downloaded free app from AppUp.com for the past 30 days. In Space Runner, you have the freedom to create your own space ship to survive the dangers of space. Taking down enemies and asteroids will reward you with LEGO blocks you can place on your ship in this easy to pick-up-and-play game. The bigger your ship, the more difficult it is for the enemies and asteroids to destroy you, so make sure to collect as many LEGO pieces as possible.

Remember when you would play arcade games for hours during the summer? Relive those memories with these classics from PAC-MAN to Missile Command on the Intel AppUpSM center. Vector Defender is a twist on Missile Command where players shoot with a cannon instead. Dig Dug is faithful version of the original arcade mega-hit, down to the pest pumping and popping action. Millipede is another classic dating back to the good ol’ Atari days.

Discovery Communications announced today that Intel will be a presenting partner of  “Curiosity: The Questions of Life,” a provocative, new series that debuts at 8 p.m. Aug. 7 in the United States and globally in September. A first-of-its-kind investment for Intel, the company will use “Curiosity” as a global marketing platform with key partnership elements including four “Curiosity” premiere episodes; integration into Curiosity.com, the exclusive and extensive online platform; and participation in ‘Curiosity’s” education initiatives with Discovery Education, as well as comprehensive social, mobile and marketing programs. The landmark series will explore topics ranging from intelligence and neuroscience to nanotechnology. Discovery will create short-form vignettes featuring Intel employees discussing what sparks their curiosity. In addition, Intel will be the centerpiece of a specially created “What Makes Us Curious” in-program feature to air during each episode of season one, designed to engage viewers to further satisfy their curiosity by going online to gather more information about specific topics. Get more at curiosity.com.

Today, Intel released version 4.1 of Intel® Graphics Performance Analyzers (GPA), the latest graphic developer tool suite used to analyze and optimize PC games and media applications. Intel GPA 4.1 adds the ability to profile Rich Web entertainment apps for accelerated browsers such as Microsoft Internet Explorer 9, Google Chrome and Mozilla FireFox. New features also include media analysis tools to visualize code efficiency with Open CL standard and Intel® Media Software Development Kit. Download a free copy or learn more about Intel GPA 4.1.

Singapore-based supercomputer manufacturer, NOVATTE, has certified its Admin Friendly HPC systems with Intel® Cluster Ready. NOVATTE delivers turnkey Admin Friendly supercomputing clusters that are easy to deploy, use and support for enterprise, government and education mid-market customers in Asia. With Intel Cluster Ready, NOVATTE makes it even easier to deploy and support clusters and assure that customer application will be getting maximum possible performance and reliability.

Filter News Archive

By author:
By date:
By tag: