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DAILY NEWS AND INFORMATION FOR THE GLOBAL GRID COMMUNITY /
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Breaking News - General:
Intel Announces Second Quarter Revenue Of $8.05 Billion
Intel Corp announced second quarter revenue of $8.05 billion, approximately
flat sequentially and up 18 percent year-over-year.
Second-quarter net income was $1.8 billion, flat sequentially and up 96
percent year-over-year. Earnings per share were 27 cents, up 4 percent
sequentially and up 93 percent from 14 cents in the second quarter of 2003.
"Intel continued to post strong year-over-year results in the second quarter
as our microprocessor business followed seasonal trends and our communications
business grew nicely, led by flash memory," said Intel CEO Craig R. Barrett.
"We had a notable quarter with respect to new product launches with the
introduction of 90 nm processors for mobile and the enterprise market segments
along with our Grantsdale chipset for the desktop which delivers some of the
most significant PC platform enhancements in a decade. Looking to the second
half, we will use our investments in leading-edge capacity to drive growth in
our core microprocessor business and expand our presence in chipsets, flash
and other communications products."
Intel's second-quarter results included a previously disclosed $62-million
reversal of previously accrued taxes primarily related to the closing of a
state income tax audit, as well as an adjustment to the effective tax rate.
These items increased second-quarter earnings-per-share by 1.7 cents. Intel's
first-quarter results included a legal settlement charge that reduced earnings
per share by 1.7 cents.
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