2012 Federal Budget - Scientific Research & Experimental Development (SR&ED) ...MNP LLP
Innovation has become critical in the manufacturing industry. Global competition, the need to do more with less, and labour issues mean that companies must develop new ideas and processes if they want to stay in the game. In Budget 2012 the Canadian government announced a number of changes to the way it fosters innovation that could help manufacturers deal with the challenges they face.
Domain's Android Development Culture - GDG August SydneyGary Lo
Slides to the talk Domain Real Estate gave at Sydney's August Google Developer Group meet up.
In the short span of a few years the Domain Android App has come from a 2.4 star rating to 4.1 and tripled our user base.
The major proponent for this is a big shift in our culture and engineering practice. We definitely haven't figured everything out and have lots to learn. But here's our story so far and we hope that it'll help increase your development velocity in your Android Development team too.
International Business (Final JUA Project)Hans Mundahl
This is the final project from the International Business group of New Hampton School's Junior Urban Adventure.
To find out more about our urban experiential learning project please visit our blog at www.juniorurbanadventure.blogspot.com
2012 Federal Budget - Scientific Research & Experimental Development (SR&ED) ...MNP LLP
Innovation has become critical in the manufacturing industry. Global competition, the need to do more with less, and labour issues mean that companies must develop new ideas and processes if they want to stay in the game. In Budget 2012 the Canadian government announced a number of changes to the way it fosters innovation that could help manufacturers deal with the challenges they face.
Domain's Android Development Culture - GDG August SydneyGary Lo
Slides to the talk Domain Real Estate gave at Sydney's August Google Developer Group meet up.
In the short span of a few years the Domain Android App has come from a 2.4 star rating to 4.1 and tripled our user base.
The major proponent for this is a big shift in our culture and engineering practice. We definitely haven't figured everything out and have lots to learn. But here's our story so far and we hope that it'll help increase your development velocity in your Android Development team too.
International Business (Final JUA Project)Hans Mundahl
This is the final project from the International Business group of New Hampton School's Junior Urban Adventure.
To find out more about our urban experiential learning project please visit our blog at www.juniorurbanadventure.blogspot.com
Biljana Lukic_Project Assignment_Triglav International Business Akademy_Under...BiljanaL
Biljana Lukic_Triglav International Business Akademy_Project Assignment_ Understanding cultural paradoxes specifics in global branding
University of Ljubljana - Faculty of Economics
Triglav International Business Academy
Academy Programme Director: Prof. Janez Prašnikar, Ph.D.
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Prof. Janez Prašnikar, Ph.D,
Year of the Programme: 2010/2011
Team members (name and surname):
KENAN AŠĆERIĆ,
BILJANA LUKIĆ,
URŠKA ZUPANČIČ
and NINA ZORMAN
Dear Students
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If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
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Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
1. Intel Corporation
2200 Mission College Blvd.
P.O. Box 58119
Santa Clara, CA 95052-8119
CONTACTS: Michael Sullivan Tom Beermann
Investor Relations Press Relations
408-765-9785 408-765-6855
INTEL FIRST-QUARTER REVENUE $8.9 BILLION
Operating Income $1.7 Billion, EPS 27 Cents
SANTA CLARA, Calif., April 17, 2007 – Intel Corporation today announced first-quarter
revenue of $8.9 billion, operating income of $1.7 billion, net income of $1.6 billion and earnings
per share (EPS) of 27 cents. The results included the effect of a $300-million reversal of
previously accrued taxes that increased EPS by approximately 5 cents.
“The strong momentum of our industry-leading Intel® Core™ microarchitecture product
family, combined with ongoing structural cost improvements, delivered solid financial results in
the first quarter,” said Intel President and CEO Paul Otellini. “Our product strength is reflected
in the fact that average selling prices for the quarter held up well in a very competitive
environment.”
Q1 2007 vs. Q1 2006 vs. Q4 2006
Revenue $8.9 billion -1% -9%
Operating Income $1.7 billion -3% +13%
Net Income $1.6 billion +19% +7%
EPS 27 cents +17% +4%
Results for the first quarter of 2007 included a tax item that increased EPS by approximately 5 cents. Results for
the fourth quarter of 2006 included the effects of a gain as well as restructuring and asset impairment charges that
together increased EPS by approximately 1 cent.
– more –
2. Intel/Page 2
Financial and Key Product Trends
• First-quarter gross margin was 50.1 percent, higher than 49.6 percent in the previous quarter
as lower microprocessor unit costs and the sale of previously reserved inventory more than
offset the effects of higher 45 nanometer (nm) start-up costs and lower revenue.
• The company reached its goal of reducing the workforce to approximately 92,000 people,
meeting the target one quarter ahead of schedule.
• Total microprocessor units were lower sequentially. The ASP was slightly lower driven by a
lower mix within server processors, with desktop and mobile ASPs approximately flat.
• Chipset, motherboard and flash memory units were lower sequentially.
Business Outlook
The following expectations do not include the potential impact of any mergers,
acquisitions, divestitures or other business combinations that may be completed after April 16.
Q2 2007 Outlook
• Revenue: Expected to be between $8.2 billion and $8.8 billion.
• Gross margin: 48 percent plus or minus a couple of points.
• Spending (R&D plus MG&A): Between $2.6 billion and $2.7 billion. In addition, the
company expects a second-quarter restructuring charge of approximately $60 million.
• Net gains from equity investments and interest and other: Approximately $150 million.
• Tax rate: Approximately 31 percent.
• Depreciation: Between $1.1 billion and $1.2 billion.
2007 Outlook
• Gross margin: 51 percent plus or minus a few points, higher than the previous expectation of
50 percent plus or minus a few points.
• R&D: Approximately $5.6 billion, higher than the previous expectation of approximately
$5.4 billion.
• MG&A: Approximately $5.1 billion, lower than the previous expectation of approximately
$5.3 billion.
• Capital spending: $5.5 billion plus or minus $200 million, unchanged.
• Tax rate: Approximately 31 percent in the third and fourth quarters. The previous expectation
was approximately 30 percent for the year.
• Depreciation: $4.8 billion plus or minus $100 million, unchanged.
–more–
3. Intel/Page 3
The above statements and any others in this document that refer to plans and expectations
for the second quarter, the year and the future 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 factors set forth below in the section entitled “Risk Factors” to be the important factors that
could cause actual results to differ materially from the Corporation’s published expectations.
Recent Events
• Intel announced that its upcoming 45nm transistor technology is based on breakthrough Hi-K
metal gate transistor materials that increase performance and reduce leakage, enabling faster
and more energy-efficient microprocessors. The company announced that fifteen 45nm
microprocessors are in development and demonstrated pre-production desktop, mobile and
server platforms running five operating systems, with shipments scheduled to begin in the
second half of 2007.
• Intel announced that Fab 11X in Rio Rancho, New Mexico will be re-tooled to become the
company’s fourth 300mm factory capable of producing 45nm microprocessors. Intel also
announced plans to build a 300mm factory in China, with production to begin in 2010.
• Intel expanded its quad-core microprocessor line-up to include its first 50-watt quad-core
server processors, first quad-core processors for embedded designs, and fastest-ever quad-
core processors for extreme gaming and digital design. The company has now introduced 12
quad-core processors for use in computing, storage and embedded applications.
• Intel and Sun Microsystems announced a broad strategic alliance that will result in Sun
delivering a comprehensive family of enterprise and telecommunications servers and
workstations based on Intel® Xeon® processors, with Intel supporting Solaris* as a
mainstream operating system.
• The company’s Intel® vPro™ processor technology, which brings manageability and
security benefits to IT managers, has been deployed by more than 200 companies and
institutions including 3M, BMW, FujiFilm, ING, Johns Hopkins, Pioneer and Verizon.
• The company introduced the Intel® Centrino® Pro processor technology brand, with plans to
bring more of the security and manageability capabilities of Intel’s business desktop
platforms to notebook PCs.
• The company introduced Wi-Fi connections based on the new 802.11n specification that will
give future users of Intel® Centrino® processor technology up to five times the Wi-Fi
performance and twice the range of earlier technologies.
• The company announced shipments of Intel-powered “classmate PCs,” bringing affordable
mobile computing to K-12 students in Brazil and Mexico, with plans for pilot programs in 25
countries.
• Intel announced “solid-state drive” products that use Intel NAND flash chips as an
alternative to rotating magnetic disk drive technology.
–more–
4. Intel/Page 4
• Intel researchers developed an 80-core “tera-scale” processor that brings supercomputer-like
performance to a single chip. The experimental processor may lead to future Intel products
bringing trillions of calculations per second to PCs and servers.
Risk Factors
• 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, significant pricing pressures,
and product demand that is highly variable and difficult to forecast. 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, marketing programs and pricing pressures and Intel’s response
to such actions; Intel’s ability to respond quickly to technological developments and to
incorporate new features into its products; and the availability of sufficient components from
suppliers to meet demand. Factors that could cause demand to be different from Intel's
expectations include customer acceptance of Intel and competitors’ products; changes in
customer order patterns, including order cancellations; changes in the level of inventory at
customers; and changes in business and economic conditions.
• The gross margin percentage could vary significantly from expectations based on changes in
revenue levels; product mix and pricing; capacity utilization; variations in inventory
valuation; excess or obsolete inventory; 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,
including start-up costs.
• Expenses, particularly certain marketing and compensation expenses, vary depending on the
level of demand for Intel's products, the level of revenue and profits and impairments of
long-lived assets.
• Intel is in the midst of a structure and efficiency program that is resulting in several actions
that could have an impact on expected expense levels and gross margin.
• The tax rate expectation is based on current tax law and current expected income. The tax
rate may be affected by the closing of acquisitions or divestitures; 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 equity market levels and volatility; gains or losses realized on the sale or
exchange of securities; gains or losses from equity method investments; impairment charges
related to marketable, non-marketable and other investments; interest rates; cash balances;
and changes in fair value of derivative instruments.
• Intel’s results could be affected by the amount, type, and valuation of share-based awards
granted as well as the amount of awards cancelled due to employee turnover and the timing
of award exercises by employees.
• Intel's results could be impacted by unexpected economic, social, political and
physical/infrastructure conditions in the countries in which 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.
–more–
5. Intel/Page 5
• 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-K for the year ended Dec. 30, 2006.
Status of Business Outlook
During the quarter, Intel’s corporate representatives may reiterate the Business Outlook
during private meetings with investors, investment analysts, the media and others. From the close
of business on June 1 until publication of the company’s second-quarter 2007 earnings release,
Intel will observe a “Quiet Period” during which the Business Outlook disclosed in the
company’s press 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 update by the company.
Earnings Webcast
Intel will hold a public webcast at 2:30 p.m. PDT today on its Investor Relations Web site
at www.intc.com, with a replay available until May 1.
Intel, the world leader in silicon innovation, develops technologies, products and
initiatives to continually advance how people work and live. Additional information about Intel
is available at www.intel.com/pressroom.
– 30 –
Intel, the Intel logo, Intel Core, Intel Xeon, Intel vPro, Intel Centrino Pro and Intel Centrino are trademarks or
registered trademarks of Intel Corporation or its subsidiaries in the United States and other countries.
* Other names and brands may be claimed as the property of others.
6. Intel/Page 6
INTEL CORPORATION
CONSOLIDATED SUMMARY INCOME STATEMENT DATA
(In millions, except per share amounts)
Three Months Ended
Mar. 31, Apr. 1,
2007 2006
NET REVENUE $ 8,852 $ 8,940
Cost of sales 4,420 3,997
GROSS MARGIN 4,432 4,943
Research and development 1,400 1,562
Marketing, general and administrative 1,277 1,644
—
Restructuring and asset impairment charges 75
Amortization of acquisition-related
intangibles and costs 5 19
OPERATING EXPENSES 2,757 3,225
OPERATING INCOME 1,675 1,718
Gains on equity securities, net 29 2
Interest and other, net 169 154
INCOME BEFORE TAXES 1,873 1,874
Income taxes 263 517
NET INCOME $ 1,610 $ 1,357
BASIC EARNINGS PER SHARE $ 0.28 $ 0.23
DILUTED EARNINGS PER SHARE $ 0.27 $ 0.23
WEIGHTED AVERAGE SHARES OUTSTANDING:
BASIC 5,777 5,854
DILUTED 5,874 5,954
–more–
7. Intel/Page 7
INTEL CORPORATION
CONSOLIDATED SUMMARY BALANCE SHEET DATA
(In millions)
Mar. 31, Dec. 30,
2007 2006
CURRENT ASSETS
Cash and short-term investments $ 7,689 $ 8,868
Trading assets 1,335 1,134
Accounts receivable 2,780 2,709
Inventories:
Raw materials 670 608
Work in process 2,187 2,044
Finished goods 1,509 1,662
4,366 4,314
Income taxes receivable 259 -
Deferred taxes and other current assets 1,366 1,255
TOTAL CURRENT ASSETS 17,795 18,280
Property, plant and equipment, net 17,617 17,602
Marketable strategic equity securities 359 398
Other long-term investments 4,496 4,023
Goodwill 3,861 3,861
Other long-term assets 4,729 4,204
TOTAL ASSETS $ 48,857 $ 48,368
CURRENT LIABILITIES
Short-term debt $ 139 $ 180
Accounts payable and accrued liabilities 5,876 5,938
Deferred income on shipments to distributors 611 599
Income taxes payable - 1,797
TOTAL CURRENT LIABILITIES 6,626 8,514
Long-term taxes payable 1,447 -
Deferred tax liabilities 234 265
Long-term debt 1,848 1,848
Other long-term liabilities 1,202 989
Stockholders' equity 37,500 36,752
TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY $ 48,857 $ 48,368
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8. Intel/Page 8
INTEL CORPORATION
SUPPLEMENTAL FINANCIAL AND OTHER INFORMATION
(In millions)
Q1 2007 Q4 2006 Q1 2006
GEOGRAPHIC REVENUE:
Asia-Pacific $4,432 $4,855 $4,293
50% 50% 48%
Americas $1,727 $2,003 $1,905
20% 21% 21%
Europe $1,722 $1,900 $1,701
19% 19% 19%
Japan $971 $936 $1,041
11% 10% 12%
CASH INVESTMENTS:
Cash and short-term investments $7,689 $8,868 $7,854
Trading assets - fixed income (1) 877 684 887
Total cash investments $8,566 $9,552 $8,741
TRADING ASSETS:
Trading assets - equity securities
offsetting deferred compensation (2) $458 $450 $378
Total trading assets - sum of 1+2 $1,335 $1,134 $1,265
TOTAL STRATEGIC EQUITY INVESTMENTS $3,599 $3,192 $2,422
SELECTED CASH FLOW INFORMATION:
Depreciation $1,187 $1,166 $1,139
Share-based compensation $284 $334 $374
Amortization of intangibles and other acquisition-related costs $64 $61 $75
Capital spending ($1,361) ($1,116) ($1,758)
Stock repurchase program ($400) ($150) ($2,943)
Proceeds from sales of shares to employees, tax benefit & other $604 $288 $437
Dividends paid ($650) ($576) ($585)
Net cash received(used) for divestitures/acquisitions $0 $600 $0
SHARE-BASED COMPENSATION CHARGES:
Cost of sales $78 $94 $86
Research and development $114 $119 $135
Marketing, general and administrative $92 $121 $153
EARNINGS PER SHARE INFORMATION:
Weighted average common shares outstanding - basic 5,777 5,764 5,854
Dilutive effect of employee equity incentive plans 46 52 49
Dilutive effect of convertible debt 51 51 51
Weighted average common shares outstanding - diluted 5,874 5,867 5,954
STOCK BUYBACK:
Shares repurchased 19 7 138
Cumulative shares repurchased 2,850 2,831 2,743
Remaining dollars authorized for buyback (in billions) $16.9 $17.3 $18.9
OTHER INFORMATION:
Employees (in thousands) 91.8 94.1 103.3
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9. Intel/Page 9
INTEL CORPORATION
SUPPLEMENTAL OPERATING RESULTS AND OTHER INFORMATION
($ in millions)
OPERATING SEGMENT INFORMATION: Q1 2007 Q4 2006 Q3 2006 Q2 2006 Q1 2006 2006
Digital Enterprise Group
Microprocessor revenue 3,561 3,855 3,521 3,338 3,892 14,606
Chipset, motherboard and other revenue 1,193 1,307 1,425 1,283 1,255 5,270
Net revenue 4,754 5,162 4,946 4,621 5,147 19,876
Operating income 931 928 655 751 1,175 3,509
Mobility Group
Microprocessor revenue 2,441 2,668 2,239 1,958 2,347 9,212
Chipset and other revenue 866 925 809 731 632 3,097
Net revenue 3,307 3,593 3,048 2,689 2,979 12,309
Operating income 1,381 1,538 1,156 851 1,050 4,595
Flash Memory Group
Net revenue 469 576 507 536 544 2,163
Operating loss (283) (205) (139) (169) (125) (638)
All Other
Net revenue 322 363 238 163 270 1,034
Operating loss (354) (773) (298) (361) (382) (1,814)
Total
Net revenue 8,852 9,694 8,739 8,009 8,940 35,382
Operating income 1,675 1,488 1,374 1,072 1,718 5,652
The company’s operating segments include the Digital Enterprise Group, Mobility Group, Flash Memory Group, Digital Home Group, and Digital
Health Group. Beginning in the first quarter of 2007, the Channel Platforms Group will directly support Intel’s operating segments. Prior-period
amounts have been adjusted retrospectively to reflect certain reorganizations.
The company has sales and marketing, manufacturing, finance, and administration groups. Expenses for these groups are generally allocated to the
operating segments and the expenses are included in the operating results reported above. Additionally, in the first quarter of 2007, the company
began allocating share-based compensation to the operating segments and adjusted results retrospectively to reflect this change. Revenue for the “all
other” category primarily relates to microprocessors and related chipsets sold by the Digital Home Group. In addition to the operating results for the
Digital Home Group and Digital Health Group operating segments, the “all other” category includes certain corporate-level operating expenses.
These expenses include:
• a portion of profit-dependent bonus and other expenses not allocated to the operating segments;
• results of operations of seed businesses that support the company’s initiatives;
• acquisition-related costs, including amortization and any impairment of acquisition-related intangibles and goodwill;
• charges for purchased in-process research and development; and
• amounts included within restructuring and asset impairment charges in the consolidated condensed statements of income.