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Intel Third-Quarter Revenue $8.5 Billion
Tuesday October 12, 4:15 pm ET
Earnings Per Share of 30 Cents Includes Tax Benefits

SANTA CLARA, Calif.--(BUSINESS WIRE)--Oct. 12, 2004--Intel Corporation today announced third-quarter revenue of $8.5 billion, up 5 percent sequentially and up 8 percent year-over-year.

Third-quarter net income was $1.9 billion, up 8 percent sequentially and up 15 percent year-over-year. Earnings per share were 30 cents, up 11 percent sequentially and up 20 percent from 25 cents in the third quarter of 2003.

"Intel delivered growth in both of its major businesses in the third quarter driven by record server and mobile microprocessor shipments and market segment share gains in flash memory," said Intel CEO Craig R. Barrett. "Growth was not as high as we originally anticipated due to inventory adjustments at some of our major customers and lower than expected overall demand for PCs.