Intel Updates Fourth-Quarter Financial Expectations

Intel Updates Fourth-Quarter Financial Expectations

As a result of the legal settlement announced today with Advanced Micro Devices (AMD), Intel Corporation adjusted its fourth-quarter financial expectations to reflect the impact of the $1.25 billion settlement payment. Intel now expects spending (R&D plus MG&A) in the fourth quarter to be approximately $4.2 billion, up from $2.9 billion. In addition, the effective tax rate is expected to be approximately 20 percent, down from 26 percent. All other expectations are unchanged.


Under terms of the agreement, the parties will end all outstanding litigation including antitrust and patent cross license disputes. AMD will withdraw all of its regulatory complaints against Intel worldwide and both parties will enter into a new 5-year patent cross license agreement. In addition, Intel will pay AMD $1.25 billion.

Intel's fourth-quarter Business Outlook was originally published in the company's third-quarter earnings release, available at www.intc.com. The company is scheduled to report its fourth-quarter financial results on Jan. 14.

Through Nov. 25, Intel's corporate representatives may reiterate the Business Outlook during private meetings with investors, investment analysts, media and others. From the close of business on Nov. 25 until publication of the company's fourth-quarter earnings release, Intel will observe a "Quiet Period" during which the Business Outlook disclosed in the company's news releases and filings with the SEC should be considered to be historical, speaking as of prior to the Quiet Period only and not subject to an update by the company.

The above statements and any others in this document are forward-looking statements that involve a number of risks and uncertainties. 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 corporation's expectations.

• Demand could be different from Intel's expectations due to factors including changes in business and economic conditions; 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. Additionally, Intel is in the process of transitioning to its next generation of products on 32nm process technology, and there could be execution issues associated with these changes, including product defects and errata along with lower than anticipated manufacturing yields. Revenue and the gross margin percentage are affected by the timing of new 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 changes in revenue levels; capacity utilization; start-up costs, including costs associated with the new 32nm process technology; variations in inventory valuation, including variations related to the timing of qualifying products for sale; excess or obsolete inventory; product mix and pricing; manufacturing yields; changes in unit costs; impairments of long-lived assets, including manufacturing, assembly/test and intangible assets; and the timing and execution of the manufacturing ramp and associated costs.
• 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 realized on the sale or exchange of securities; gains or losses from equity method investments; impairment charges related to debt securities as well as equity and other investments; interest rates; cash balances; and changes in fair value of derivative instruments.
• The majority of our 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 our 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 impacted 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 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.
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 fiscal quarter ended Sept. 26 2009.


Link: Intel

Skrevet af Peter den 13. Nov 2009. Nyheden er læst 540 gang(e).

Del med dine venner

     

0 kommentarer
Skriv kommentar til nyheden Kommentarer til nyheden fra Facebook

 

OnePlus 6 Bumper Cases

For kort tid siden lancerede OnePlus deres nye flagskib, OnePlus 6. Flere af redaktionens medlemmer har allerede den nye p

Læs Mere

Cooler Master MasterPulse MH530 Headset

En, to, tre mere eller mindre identiske headsets er det nu blevet til her på Tweak.dk. Vi tager et kig på det

Læs Mere

Jurassic World Evolution

Jurassic World Evolution er seneste udgivelse i parksimulator genren fra udvikleren bag det anmelderroste Planet Coa

Læs Mere

Kintaro Super Kuma 9000 - Raspberry Pi case på Nintendo manér

Nostalgi er noget der rammer de fleste, og som mange af vores læsere sikkert ved, udnytter producenterne denne magis

Læs Mere

Dbrand skin din Nintendo Switch

Et er at indkøbe alverdens dyrt hardware, telefoner, konsoller eller andet, og noget andet er efterfølgende

Læs Mere

Cooler Master Masterliquid Maker 240 - Vandkølings Loop

Skal man i gang med den helt store omgang overclock af de større Intel og AMD CPU’er, så kommer traditi

Læs Mere

Enermax RevoBron 600 Watt Strømforsyning

Kan Enermax andet end at lave kabinetter og highend strømforsyninger? Dette får vi svar på i denne test

Læs Mere

ASRock Fatal1ty X299 Gaming K6

ASRock er tilbage på Tweak.dk testbænken, og denne gang er det med deres Fatal1ty X299 Gaming K6 bundkort. Et

Læs Mere

 

Nyeste Videoer og Trailers

Seneste nyheder

Warhammer Vermintide 2 beta er live, officiel release 11 juli

Det nye Warhammer Vermintide 2 spil, er et first person action adventure spil, udvikles og publiceres af Fatsh
Læs Mere

Valve deaktiverer item trading i CS:GO, DOTA 2 i Holland

Valve deaktiverer item trading i CS:GO, DOTA 2 i Holland for at imødekomme de nye regler området for loot boxe
Læs Mere

Officiel Resident Evil 2 Remake - E3 2018 gameplay video i 4K

Capcom har releaset en ny officiel video til Resident Evil 2 Remake, som viser 5 minutters gameplay optagelse
Læs Mere

Tom Clancy's The Division 2 gameplay walkthrough

Tom Clancy’s The Division 2 er programsat til 15 marts 2019 og derfor stadig under udvikling hos Massive Enter
Læs Mere

Cooler Master CK550 og CK552 Gateron baseret mekaniske keyboards

Som opfølgning på gårsdagens nyhed om Cooler Master CK620 RGB trådløse mekaniske keyboards, melder Cooler Mast
Læs Mere

Indbydende 22 minutters gameplay fra Overkill's The Walking Dead

r du til zombie-spil, så vil du finde glæde af den nye trailer fra Polygon, som viser 22 minutters gameplay fr
Læs Mere

Nyt mindre PUBG Sanhok map frigives fredag

For at vække appetitten forud for release af det nye PUBG Sanhok map, som søsættes fra 22 juni 2018, har udvik
Læs Mere

Radeon Pro Vega 20 spottet i AOTS benchmark database

Radeon Pro Vega 20 kraver uden tvivl tættere på et officielt release, og siden de første informationer om Rade
Læs Mere
Partner sider
Indsend nyhed
Har du fundet en fed nyhed så indsend den så alle andre på Tweak.dk kan få glæde af den.