Advanced Micro Devices Inc (AMD)

[ChrisC_R]

Petz, guess you have to get your Intel cc summary from here in the UK:

"Intel turns in profit of $896 million on increased sales

Gross margin only 50.9%, firm starts work on 65 nano tech


By INQUIRER staff: Tuesday 15 July 2003, 22:23

CHIP FIRM Intel turned in revenues of $6.8 billion for its second quarter, with net profits of $896 million.
The revenue rise is eight per cent compared to the same quarter last year.

Dr Craig Barrett, the firm's CEO, said Asia Pacific set an all time record, while its Pentium 4 revenues and Centrino sales had also helped.

Sales of microprocessors, chipsets and motherboards accounted for most of the growth. Flash memory was weak, as well as networking, said chief financial officer Andy Bryant.

Wireless revenues declined.

It also gave an indication of future sales and directions. For example, it said that gross margins will be a healthy 54 per cent, compared to the not unhealthy 50.9 per cent margin in Q2. That's down from 52% in its first quarter, due to some inventory buildup, said Andy Bryant.

He said headcount had fallen to 78,700 from 83,000 in the same period last year, a drop of five per cent.

It will turn in sales of between $6.9 billion and $7.5 billion, and Intel also said that R&D will be $4.2 billion in 2003, slightly higher than the $4 billion it had previously anticipated.

That's because it's already working on 65 nanometer process development, although its 90 nanometer chips won't ship until the end of Q3, and the beginning of Q4. µ"

http://www.theinquirer.net/?article=10500