Hey Barry-- This is from the most recent INTC 10-q. Could you explain the operating income line to me? In particular, could you elaborate on its relationship to your statement, "Demand has increased faster than their most optimistic projections."
Three Months Ended
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April 1, March 27,
2000 1999
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Net revenues $ 7,993 $ 7,103
Costs and expenses: ------- -------
Cost of sales 2,989 2,894
Research and development 951 663
Marketing, general and administrative 1,124 891
Amortization of goodwill and other acquisition-related
intangibles 313 18
Purchased in-process research and development 62 -
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Operating costs and expenses 5,439 4,466
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Operating income 2,554 2,637
Interest expense (12) (9)
Interest income and other, net 652 356
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Income before taxes 3,194 2,984
Provision for taxes 498 985
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Net income $ 2,696 $ 1,999
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Basic earnings per common share $ 0.81 $ 0.60
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Diluted earnings per common share $ 0.77 $ 0.57
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