Intel 1997 Annual Report Download - page 70

The Company's future results of operations and the other forward-looking statements contained in this outlook - in particular the statements
regarding growth in the computing industry, gross margin, capital spending, depreciation, research and development, marketing and general
and administrative expenses, the FTC investigation and the year 2000 issue - involve a number of risks and uncertainties. In addition to the
factors discussed above, among the other factors that could cause actual results to differ materially are the following: changes in customer order
patterns, including changes in customer and channel inventory levels; competitive factors, such as rival chip architectures and manufacturing
technologies, competing software-compatible microprocessors and availability of other computing alternatives; timing of software industry
product introductions; execution of the manufacturing ramp; the ability to successfully integrate and operate any acquired businesses; costs or
other adverse effects associated with processors and other products containing errata (deviations from published specifications); risks
associated with foreign operations; and litigation involving intellectual property, consumer and other issues.
Intel believes that it has the product offerings, facilities, personnel, and competitive and financial resources for continued business success, but
future revenues, costs, margins and profits are all influenced by a number of factors, including those discussed above, all of which are
inherently difficult to forecast.
Financial information
by quarter (unaudited)
(In millions-except
per share data)
1997 for quarter ended December 27 September 27 June 28 March 29
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Net revenues $ 6,507 $ 6,155 $ 5,960 $ 6,448
Cost of sales $ 2,691 $ 2,604 $ 2,343 $ 2,307
Net income $ 1,743 $ 1,574 $ 1,645 $ 1,983
Basic earnings per share $ 1.07 $ .96 $ 1.01 $ 1.21
Diluted earnings per share $ .98 $ .88 $ .92 $ 1.10
Dividends per share
(A) Declared $ .03 $ .03 $ .03 $ .025
Paid $ .03 $ .03 $ .025 $ .025
Market price range
Common Stock
(B) High $ 95.38 $100.50 $ 84.66 $ 82.38
Low $ 69.13 $ 69.53 $ 65.25 $ 65.19
Market price range
Step-Up Warrants
(B) High $ 74.69 $ 79.88 $ 64.16 $ 62.63
Low $ 48.38 $ 49.56 $ 45.31 $ 45.06
(In millions-except
per share data)
1996 for quarter ended December 28 September 28 June 29 March 30
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Net revenues $ 6,440 $ 5,142 $ 4,621 $ 4,644
Cost of sales $ 2,392 $ 2,201 $ 2,150 $ 2,421
Net income $ 1,910 $ 1,312 $ 1,041 $ 894
Basic earnings per share $ 1.16 $ .80 $ .63 $ .54
Diluted earnings per share $ 1.06 $ .74 $ .59 $ .51
Dividends per share
(A) Declared $ .025 $ .025 $ .025 $ .020
Paid $ .025 $ .025 $ .020 $ .020
Market price range
Common Stock
(B) High $ 68.75 $ 48.69 $ 38.44 $ 30.50
Low $ 47.72 $ 34.50 $ 28.44 $ 25.00
Market price range
Step-Up Warrants
(B) High $ 49.19 $ 29.44 $ 19.66 $ 14.25
Low $ 28.38 $ 15.88 $ 12.00 $ 10.81
(A) Intel plans to continue its dividend program. However, dividends are
dependent on future earnings, capital requirements and financial
condition.
(B) Intel's Common Stock (symbol INTC) trades on The Nasdaq Stock Market*
and is quoted in the Wall Street Journal and other newspapers. Intel's
1998 Step-Up Warrants (symbol INTCW) trade on The Nasdaq Stock Market
until their March 1998 expiration. Intel's Common Stock also trades on
The Swiss Exchange. At December 27, 1997, there were approximately
173,000 registered holders of Common Stock. All stock and warrant
prices are closing prices per The Nasdaq Stock Market.