0000050863-11-000075.txt : 20110509 0000050863-11-000075.hdr.sgml : 20110509 20110509171248 ACCESSION NUMBER: 0000050863-11-000075 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110509 ITEM INFORMATION: Results of Operations and Financial Condition FILED AS OF DATE: 20110509 DATE AS OF CHANGE: 20110509 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTEL CORP CENTRAL INDEX KEY: 0000050863 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 941672743 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-06217 FILM NUMBER: 11824390 BUSINESS ADDRESS: STREET 1: 2200 MISSION COLLEGE BLVD STREET 2: RNB-4-151 CITY: SANTA CLARA STATE: CA ZIP: 95054 BUSINESS PHONE: 4087658080 MAIL ADDRESS: STREET 1: 2200 MISSION COLLEGE BLVD STREET 2: RNB-4-151 CITY: SANTA CLARA STATE: CA ZIP: 95054 8-K 1 form8k.htm FORM 8-K form8k.htm

 
 
 


 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
______________
 
 
FORM 8-K
 
______________
 
 
CURRENT REPORT
 
Pursuant to Section 13 OR 15(d) of the
 
Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported):  May 9, 2011
 
______________
 
 
INTEL CORPORATION
(Exact name of registrant as specified in its charter)
 
______________
 

Delaware
000-06217
94-1672743
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)

 
2200 Mission College Blvd., Santa Clara, California 95054-1549
 
(Address of principal executive offices) (Zip Code)
 
(408) 765-8080
 
(Registrant’s telephone number, including area code)
 
(Former Name or Former Address, if Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 



 
 
 

Item 2.02 Results of Operations and Financial Condition.

Attached hereto as Exhibit 99.1 and incorporated by reference herein is supplemental operating segment results for Intel Corporation.

The operating group results presented provides annual and quarterly unaudited financial information for the PC Client Group, Data Center Group, Other Intel Architecture Group, and Software and Services Group presented on a basis that reflects the reorganized operating structure of the company effective as of the first quarter of 2011.

In the first quarter of 2011 we formed the Netbook and Tablet Group, which includes microprocessors and related chipsets designed for the netbook and tablet market segments, and we divested the Digital Health Group. NTG operating results were previously included in the operating results of the PC Client Group and are now included in the Other Intel Architecture Group. Digital Health Group operating results are now included in the “All other” category. Prior-period amounts have been adjusted retrospectively to reflect these operating segment changes as well as other minor reorganizations. Additionally, in the first quarter of 2011, we formed the Intel Mobile Communications (IMC) and McAfee operating segments as a result of acquisitions. Operating results from the acquisition of the Wireless Solutions business of Infineon Technologies AG (which operates as IMC) are included in the Other Intel Architecture Group, and operating results from the acquisition of McAfee, Inc. are included in the Software and Services Group.

The historical financial information presented under the new organizational structure does not in any way restate or revise the financial position, results of operations or cash flows of Intel Corporation as set forth in any previously reported consolidated balance sheet, consolidated statement of income or consolidated statement of cash flows of the company.  This information is provided as supplemental financial information that may be of interest to Intel Corporation stockholders.

The information in this report shall not be treated as filed for purposes of the Securities Exchange Act of 1934, as amended.

 
 
 

 

 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 

 
INTEL CORPORATION
(Registrant)
 
 
/s/ Cary I. Klafter
 
Date: May 9, 2011
Cary I. Klafter
Corporate Secretary



 
 
 

EX-99.1 2 exh991.htm EXHIBIT 99.1 exh991.htm


                                       
Exhibit 99.1
  
                                                 
 
INTEL CORPORATION
  
 
SUPPLEMENTAL OPERATING GROUP RESULTS
  
 
($ in millions)
  
                                                 
       
Three Months Ended
  
Twelve Months Ended
  
       
Q1 2011
  
Q4 2010
  
Q3 2010
  
Q2 2010
  
Q1 2010
  
2010
  
2009
  
Net Revenue
                                          
 
PC Client Group
                                          
   
Microprocessor revenue
$
     6,823
  
$
     6,116
  
$
     6,072
  
$
     5,902
  
$
     5,692
  
$
   23,782
  
$
   19,148
  
   
Chipset, motherboard and other revenue
  
     1,798
    
     1,597
    
     1,666
    
     1,599
    
     1,683
    
     6,545
    
     5,746
  
         
    8,621
    
    7,713
    
    7,738
    
    7,501
    
    7,375
    
  30,327
    
  24,894
  
 
Data Center Group
                                          
   
Microprocessor revenue
  
     2,061
    
     2,165
    
     1,847
    
     1,797
    
     1,552
    
     7,361
    
     5,301
  
   
Chipset, motherboard and other revenue
  
        403
    
        357
    
        339
    
        317
    
        319
    
     1,332
    
     1,149
  
 
 
      
    2,464
    
    2,522
    
    2,186
    
    2,114
    
    1,871
    
    8,693
    
    6,450
  
                                                 
 
Other Intel Architecture Group
  
    1,149
    
       814
    
       812
    
       755
    
       674
    
    3,055
    
    2,683
  
 
Intel Architecture Group
  
  12,234
    
  11,049
    
  10,736
    
  10,370
    
    9,920
    
  42,075
    
  34,027
  
                                                 
 
Software and Services Group
  
       240
    
          75
    
          66
    
          65
    
          58
    
       264
    
       115
  
 
All Other
  
       373
    
       333
    
       300
    
       330
    
       321
    
    1,284
    
       985
  
 
TOTAL NET REVENUE
$
  12,847
  
$
  11,457
  
$
  11,102
  
$
  10,765
  
$
  10,299
  
$
  43,623
  
$
  35,127
  
                                                 
                                                 
Operating income (loss)
                                          
 
PC Client Group
$
     3,543
  
$
     3,206
  
$
     3,345
  
$
     3,333
  
$
     3,087
  
$
   12,971
  
$
     7,441
  
 
Data Center Group
  
     1,222
    
     1,426
    
     1,068
    
     1,061
    
        833
    
     4,388
    
     2,289
  
 
Other Intel Architecture Group
  
         (36)
    
          76
    
          92
    
          76
    
          26
    
        270
    
         (45)
  
 
Intel Architecture Group
  
    4,729
    
    4,708
    
    4,505
    
    4,470
    
    3,946
    
  17,629
    
    9,685
  
                                                 
 
Software and Services Group
  
         (52)
    
         (47)
    
         (36)
    
         (48)
    
         (44)
    
       (175)
    
       (100)
  
 
All Other
  
       (519)
    
       (638)
    
       (333)
    
       (441)
    
       (454)
    
    (1,866)
    
    (3,874)
  
 
TOTAL OPERATING INCOME (LOSS)
$
    4,158
  
$
    4,023
  
$
    4,136
  
$
    3,981
  
$
    3,448
  
$
  15,588
  
$
    5,711
  
                                                 
                                                 
 
Our operating groups shown above are comprised of the following:
  
               
• PC Client Group: Delivering microprocessors and related chipsets and motherboards designed for the notebook and desktop (including high-end enthusiast PCs) market segments; and wireless connectivity products.
• Data Center Group: Delivering microprocessors and related chipsets and motherboards designed for the server, workstation, and storage computing market segments; and wired network connectivity products.
• Other Intel Architecture Group consist of the following:
 
• Intel Mobile Communications: Delivering mobile phone components such as baseband processors, radio frequency transceivers, and power management chips.
 
• Embedded and Communications Group: Delivering microprocessors and related chipsets for embedded applications.
 
• Netbook and Tablet Group: Delivering microprocessors and related chipsets for the netbook and tablet market segments.
 
• Digital Home Group: Delivering Intel Architecture-based products for next-generation consumer electronics devices.
 
• Ultra-Mobility Group: Delivering low-power Intel Architecture-based products in the next-generation handheld market segment.
• Software and Services Group consists of the following:
 
• McAfee: A wholly owned subsidiary delivering software products for endpoint security, system security, consumer security, network security, and risk and compliance.
 
•Wind River Software Group: A wholly owned subsidiary delivering device software optimization products to the embedded and handheld market segments, serving a variety of hardware architectures.
 
• Software and Services Group: Delivering software products and services that promote Intel Architecture as the platform of choice for software development.
All Other consists of the following:
 
• Non-Volatile Memory Solutions Group: Delivering advanced NAND flash memory products for use in a variety of devices.
 
• Corporate:  Revenue, expenses and charges such as:
   
• A portion of profit-dependent compensation and other expenses not allocated to the operating groups.
• Divested businesses and results of seed businesses that support our initiatives.
• Acquisition-related costs, including amortization and any impairment of acquisition-related intangibles and goodwill.