Thursday, January 15, 2004 12:11:55 PM
RE WCCG. On page 12 of Intel's filing;
The Intel Architecture operating segment's products include microprocessors, chipsets and motherboards. The Intel
communications Group's (ICG) products include wired and wireless Ethernet products, network processing components and embedded computing products. The Wireless Communications and Computing Group's (WCCG) products include flash memory, application processors and cellular baseband chipsets for cellular handsets and handheld devices.
On December 10, 2003, we announced that we would be consolidating certain communications-related businesses within ICG and WCCG into a single organization, the Intel Communications Group. This reorganization is effective for 2004. As the reporting period for this earnings release is as of December 27, 2003, the operating segment results for these communications-related businesses are presented under the organization structure that existed as of December 27, 2003.
The "all other" category includes acquisition-related costs, including amortization and impairment of acquisition-related intangibles, in- process research and development and the fourth quarter of 2003 charge for impairment of goodwill of $611 million. In addition, "all other" includes certain corporate-level costs and operating expenses, including a portion of profit-dependent bonus and other expenses that are not allocated to the operating segments. The results for 2002 included an impairment of identified intangible assets of $127 million as well as a charge of $106 million related to the wind down of the Web hosting business.
Jack
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