[Am-info] Intel Ends The Year Up and Down

[Fred A. Miller]

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Intel Ends The Year Up and Down

Chipmaker Intel had good news and bad news for investors in its 
fourth-quarter results released Tuesday. The Santa Clara, 
Calif., company beat analysts' forecasts, showing strong growth 
since the third quarter, but it still posted earnings only a 
fraction of what they were last year.

For the fourth quarter of 2001, ended Dec. 29, the company 
reported a net income, including costs related to acquisitions, 
of $504 million, a jump of 375% from the $106 million reported 
for the third quarter. However, net income was down 77% from 
the fourth quarter in 2000. Excluding acquisition costs, net 
income was $998 million, up 52% from the $655 million reported 
in the third quarter, but down 62% from Q4 in 2000. Revenue was 
$6.98 billion, up 7% from the third quarter, but down 20% from 
last year.

In a conference call with analysts, Intel CFO Andy Bryant 
credited the upswing to stronger than expected PC demand over 
the holiday season, and said the company set a quarterly record 
for microprocessor unit shipments.

For the year, Intel reported revenue of $26.5 billion, a drop 
of 21% from the $33.7 billion reported for 2000. Net income for 
2001 was down about 88% from the year before, dropping to $1.3 
billion, or 19 cents a share, compared with $10.5 billion, or 
$1.51 per share. Excluding acquisition costs, earnings were 
$3.6 billion, down 70% from the $12.1 billion in 2000. - David 
M. Ewalt

For the full story, read:
http://update.informationweek.com/cgi-bin4/flo?y=eFf70Bce7K0V20BVZ10Av

And for more information, see:
Intel Hammered By PC Slump 
http://update.informationweek.com/cgi-bin4/flo?y=eFf70Bce7K0V20BEgs0Ax

- -- 
Fred A. Miller
Systems Administrator
Cornell Univ. Press Services
fm@cupserv.org

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