Intel 2004 Annual Report Download - page 26

Table of Contents
C. Environmental Proceedings
Intel has been named to the California and U.S. Superfund lists for three of our sites and has completed, along with two other companies,
a Remedial Investigation/Feasibility study with the U.S. Environmental Protection Agency (EPA) to evaluate the groundwater in areas adjacent
to one of our former sites. The EPA has issued a Record of Decision with respect to a groundwater cleanup plan at that site, including expected
costs of completion. Under the California and U.S. Superfund statutes, liability for cleanup of this site and the adjacent area is joint and several.
Intel, however, has reached agreement with those same two companies that significantly limits Intel’s liabilities under the proposed cleanup
plan. Also, we have completed extensive studies at our other sites, and we are engaged in cleanup at several of these sites. In the opinion of
management, the potential losses to the company in excess of amounts already accrued arising out of these matters would not have a material
adverse effect on the company’s financial position or overall trends in results of operations, even if joint and several liability were to be
assessed.
The estimate of the potential impact on the financial position, cash flows or overall results of operations for the above tax matters and
legal and environmental proceedings could change in the future.
None.
PART II
ITEM 4.
SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER
PURCHASES OF EQUITY SECURITIES
Information regarding the market price range of Intel common stock and dividend information may be found in “
Financial Information by
Quarter (Unaudited)” in Part II, Item 8 on page 80 of this Form 10-K. Additional information concerning dividends may be found in the
following sections of this Form 10-K: “Selected Financial Data” in Part II, Item 6 and “Consolidated Statements of Cash Flows” and
“Consolidated Statements of Stockholders’ Equity” in Part II, Item 8.
In each quarter during 2004, we paid a cash dividend of $0.04 per common share, for a total of $0.16 for the year ($0.02 each quarter
during 2003 for a total of $0.08 for the year). We have paid a cash dividend in each of the past 49 quarters. On February 2, 2005, our Board of
Directors declared a cash dividend of $0.08 per common share for the first quarter of 2005. The dividend is payable on March 1, 2005 to
stockholders of record on February 7, 2005.
As of January 28, 2005, there were approximately 230,000 registered holders of record of Intel’s common stock. A substantially greater
number of holders of Intel common stock are “street name” or beneficial holders, whose shares are held of record by banks, brokers and other
financial institutions.
Issuer Purchases of Equity Securities
The company has an ongoing authorization, as amended, from the Board of Directors to repurchase shares of Intel’s common stock in the
open market or in negotiated transactions. The company’s authorization is for up to 2.8 billion shares, which includes the most recent
authorization in November 2004 to purchase an additional 500 million shares. We generally do not purchase stock during the “quiet periods”
we have established in advance of the publication of our quarterly Earnings Release and Business Update release. For a discussion of our quiet
periods, see “Status of Business Outlook and Related Risk Factor Statements” in Part II, Item 7 on page 42 of this Form 10-K.
23
Period
(Shares in Millions)
Total
Number
of Shares
Purchased
Average
Price
Paid
per
Share
Total
Number of
Shares
Purchased
as Part of
Publicly
Announced
Plans
Maximum
Number
of Shares
That May
Yet Be
Purchased
Under the
Plans
September 26, 2004
–
October 23, 2004
13.3
$20.73
13.3
189.2
October 24, 2004
–
November 20, 2004
58.4
$22.41
58.4
630.8
November 21, 2004
–
December 25, 2004
17.3
$24.10
17.3
613.5
Total
89.0
$22.48
89.0