Intel, and AMD operations & miscellaneous data. Intel info is updated with their recent quarter performance. Most of the Intel's fundamentals have deteriorated further from the previous quarter. Based on Intel's outlook, and the current fundamentals; Intel's fundamentals are going to take big hit in Q1'01. They seem to have tapped out many nonoperational cash reservoirs. No more tricks to use in Q1'01 because Athlon & the weak market crippled most of the Intel's nonoperational weapons. More analysis later, but here are the numbers from my compilation:
Intel Capital
=============
All Dollar amounts shown are in Millions.
| Marketable Securities | |
| (in millions) | |
|--------|-------|--------|--------|-----------| |
| | | | | Increase |Non- |
Quarter | | Unrea-|Total | | (decrease)|market- |Total
Beginning |Invstmnt| lized |carrying|Realized| Unrealized|able (in |port-
| cost | gains |value | gains | gains |millions)|folio
| A | B |C = A+B | D |E=B+D-Bprev| F |G = C+F
----------|--------|-------|--------|--------|-----------|---------|-------
Dec 25, 99| $1,321 | $5,800| $7,121 | $327 | | $1,009 |$8,025
----------|--------|-------|--------|--------|-----------|---------|-------
Apr 1, 00 | $2,009 | $7,800| $9,809 | $449 | $2,449 | $1,009 |$10.818
----------|--------|-------|--------|--------|-----------|---------|-------
Jul 1, 00 | $1,601 | $4,600| $6,201 | $2,100 | ($1,100) | $1,300 |$7,501
----------|--------|-------|--------|--------|-----------|---------|-------
Sep 30, 00| $1,648 | $2,900| $4,548 | $716 | ($984) | $1,309 |$5,857
----------|--------|-------|--------|--------|-----------|---------|-------
Dec 21, 00| $1,660 | $575 | $2,235 | $125 | ($2,200) | $1,320 |$4,480
(Estimate)| | | | | | |
----------|--------|-------|--------|--------|-----------|---------|-------
Dec 30, 00| $1,625 | $290 | $1,915 | $450 | ($2,633) | $1,827 |$3,742
(Actual) | | | | | | |
----------|--------|-------|--------|--------|-----------|---------|-------
Cash & Cash equivalents
=======================
All numbers shown are in USD Millions.
|Marketable| Cash | Total Cash+| Change in | Change in |
|Strategic | and | short-term | cash Infusion| Cash tied |
|equity | short-term | invstmnts+ | - Current | up -invntry|
|securities| investments| equity | Liabilities | & rcvbls |
| A | B | C = A + B | D | E |
| | | | change/ | change/ |
| | | | cumulative | cumulative |
------------|----------|------------|------------|--------------|------------|
Sep 25, 1999| $4,102 | $11,891 | $15,993 | | |
------------|----------|------------|------------|--------------|------------|
Dec 25, 1999| $7,121 | $11,788 | $18,909 | $710 / ---- | $58 / ---- |
------------|----------|------------|------------|--------------|------------|
Apr 1, 2000 | $9,809 | $11,216 | $21,025 | $8 /$718 | $37 /$95 |
------------|----------|------------|------------|--------------|------------|
Jul 1, 2000 | $6,201 | $13,644 | $19,845 | $1,246/$1,964| $725/$820 |
------------|----------|------------|------------|--------------|------------|
Sep 30, 2000| $4,548 | $14,007 | $18,555 | $189 /$2,153| $570/$1,390|
------------|----------|------------|------------|--------------|------------|
Dec 30, 2000| $1,915 | $13,823 | $15,738 | $125 /$2,278|-$140/$1,250|
------------|----------|------------|------------|--------------|------------|
Intel Operating performance and miscellaneous
=============================================
All USD amounts shown are in Millions.
----------|----------------------------------------------|
| INTEL |
|-------|-------|-------|-------|-------|------|
|Q3'99 |Q4'99 |Q1'00 |Q2'00 |Q3'00 |Q4'00
----------|-------|-------|-------|-------|-------|------
Net Sales |$7,328 |$8,212 |$8,021 |$8,300 |$8,731 |$8,702
----------|-------|-------|-------|-------|-------|------
Cost of |$3,026 |$3,176 |$2,964 |$3,283 |$3,148 |$3,230
Sales | | | | | |
----------|-------|-------|-------|-------|-------|------
Operating | $2,056|$2,754 |$2,607 |$2,408 |$2,857 |$2,576
Income | | | | | |
----------|-------|-------|-------|-------|-------|------
GM |58.7% |61.3% |61.6% |60.4% |63.9% |63%
----------|-------|-------|-------|-------|-------|------
EBITDA | | | | | |
----------|-------|-------|-------|-------|-------|------
MG&A |$952 |$1,105 |$1,124 |$1,223 |$1,321 |$1,421
----------|-------|-------|-------|-------|-------|------
R&D |$840 |$877 |$951 |$971 |$977 |$998
----------|-------|-------|-------|-------|-------|------
Depreci- | | | | | |
ation |$804 |$848 |$897 |$764 |$802 |$786
----------|-------|-------|-------|-------|-------|------
Goodwill | | | | | |
amortiza..|$121 |$241 |$313 |$394 |$420 |$459
----------|-------|-------|-------|-------|-------|------
Purchased | | | | |
in-process|$333 | $59 | $62 | $21 | $8 |$18
R&D | | | | | |
----------|-------|-------|-------|-------|-------|------
Employee | | | | | |
options |$344 |$140 |$633 |$504 | $452 |$95
Proceeds & | | | | |
tax benefits | | | | |
|-------|-------|-------|-------|-------|------
|Q3'99 |Q4'99 |Q1'00 |Q2'00 |Q3'00 |Q4'00
----------|-------|-------|-------|-------|-------|------
Net Sales |$7,328 |$8,212 |$8,021 |$8,300 |$8,731 |$8,702
----------|-------|-------|-------|-------|-------|------
Tax Rate% |32.34% |32.4% |14.22%*|31.22% |30.91% |31.8%
----------|-------|-------|-------|-------|-------|------
Acquisitions | | | | |
|$907 |$1,940 |$1,406 |$517 | $179 |$215
----------|-------|-------|-------|-------|-------|------
Goodwill & other | | | | |
intangible|$3,114 |$4,934 |$5,978 |$6,240 |$6,163 |$5,941
assets | | | | | |
----------|-------|-------|-------|-------|-------|------
International | | | | |
Sales | 55% | 58% | 61% | 57% | 58% |59%
----------|-------|-------|-------|-------|-------|------
Interest | $121 | $181 | $191 | $241 | $250 |$232+
Income | | | | | |$117
----------|-------|-------|-------|-------|-------|------
Investment| | | | | |
Gains | $195 | $327 | $449 |$2,100 | $716 |$450
|-------|-------|-------|-------|-------|------
|Q3'99 |Q4'99 |Q1'00 |Q2'00 |Q3'00 |Q4'00
----------|-------|-------|-------|-------|-------|------
Net Sales |$7,328 |$8,212 |$8,021 |$8,300 |$8,731 |$8,702
----------|-------|-------|-------|-------|-------|------
Accounts | | | | | |
Receivable|$3,494 |$3,700 |$3,706 |$4,333 |$4,574 |$4,129
----------|-------|-------|-------|-------|-------|------
Accounts | | | | | |
payable |$4,459 |$4,565 |$4,638 |$5,602 |$6,087 |$6,305
----------|-------|-------|-------|-------|-------|------
Capital | | | | | |
Additions |$982 |$980 |$1,074 |$1,252 |$1,925 |$2,423
|-------|-------|-------|-------|-------|------
|Q3'99 |Q4'99 |Q1'00 |Q2'00 |Q3'00 |Q4'00
----------|-------|-------|-------|-------|-------|------
Net Sales |$7,328 |$8,212 |$8,021 |$8,300 |$8,731 |$8,702
----------|-------|-------|-------|-------|-------|------
Inventory | | | | | |
Total |$991 |$1,478 |$1,562 |$1,607 |$1,936 |$2,241
----------|-------|-------|-------|-------|-------|------
Inventory | | | | | |
Finished | | | | | |
Goods |$583 |$540 |$532 |$512 |$676 |$800
----------|-------|-------|-------|-------|-------|------
Inventory | | | | | |
Work in | | | | | |
Process |$204 |$755 |$802 |$863 |$926 |$1,057
----------|-------|-------|-------|-------|-------|------
Inventory | | | | | |
Raw | | | | | |
materials |$204 |$183 |$228 |$232 |$334 |$384
----------|-------|-------|-------|-------|-------|------
|Q3'99 |Q4'99 |Q1'00 |Q2'00 |Q3'00 |Q4'00
----------|-------|-------|-------|-------|-------|------
Net Sales |$7,328 |$8,212 |$8,021 |$8,300 |$8,731 |$8,702
----------|-------|-------|-------|-------|-------|------
Employees |68,400 |70,200 |71,700 |76,600 |82,200 |86,100
Days Sales|38 |33 |36 |36 |37 |37
outstanding | | | | |
----------|-------|-------|-------|-------|-------|------
Shares out- | | | | |
standig | 6,892 | 6,968 | 6.994 |7,005 |7,007 |6,938
----------|-------|-------|-------|-------|-------|------
|Q3'99 |Q4'99 |Q1'00 |Q2'00 |Q3'00 |Q4'00
----------|-------|-------|-------|-------|-------|------
Net Sales |$7,328 |$8,212 |$8,021 |$8,300 |$8,731 |$8,702
----------|-------|-------|-------|-------|-------|------
IAG Rev & |$6,331 |$6,955 |$6,581 |$6,952 |$7,038 |$6,851
Operating |$2,789 |$3,065 |$3,010 |$3,257 |$3,457 |$3,337
income | | | | | |
----------|-------|-------|-------|-------|-------|------
Other Rev&|$997 |$1,257 |$1,412 |$1,348 |$1,693 |$1,851
Operating |($733) |($564) |($456) |($849) |($600) |($742)
Income | | | | | |
----------|-------|-------|-------|-------|-------|------
* Tax break in Q1'00: $0.17/share
AMD Selected Corporate Data
============================
------------------------------------------------------------------------|
| Q3'99 | Q4'99 | Q1'00 | Q2'00 | Q3'00 |
|Revenues; |Revenues; |Revenues; |Revenues |Revenues; |
|% of sales |% of Sales |% of sales |% of sales |% of sales |
------------|-----------|-----------|-----------|-----------|-----------|
Net Sales |$662 | $969 |$1,092 |$1,170 |$1,207 |
------------|-----------|-----------|-----------|-----------|-----------|
PC Processor| | | | | |
Group |$296M; 45% |$499M; 51% |$560M; 51% |$583M; 52% |$625M; 52% |
------------|-----------|-----------|-----------|-----------|-----------|
Memory | | | | | |
group(Flash)|$206M; 31% |$275M; 28% |$327M; 30% |$362M; 31% |$420M; 35% |
------------|-----------|-----------|-----------|-----------|-----------|
Other Core | | | | | |
Products |$100M; 15% |$122M; 13% |$131M; 12% |$138M; 10% |$99M; 9% |
------------|-----------|-----------|-----------|-----------|-----------|
Voice Comm- | | | | | |
unications |$42M; 6% |$63M; 6% |$54M; 5% |$63M; 5% |$17M; 1% |
Segment | | | | | |
------------|-----------|-----------|-----------|-----------|-----------|
Foundry | | | | | |
Services |$18M; 3% |$23M; 2% |$20M; 2% |$24M; 2% |$46M; 3% |
------------|-----------|-----------|-----------|-----------|-----------|
AMD Operating performance and miscellaneous
===========================================
All USD amounts shown are in Millions.
----------|--------------------------------|
| AMD |
|--------------------------------|
|Q3'99|Q4,99| Q1'00|Q2'00 |Q3'00 |
----------|-----|-----|------|------|------|
Net Sales |$662 | $969|$1,092|$1,170|$1,207|
----------|-----|-----|------|------|------|
Cost of |$575 | $582|$606 |$612 |$639 |
Sales | | | | | |
----------|-----|-----|------|------|------|
Operating |($98,|$71, |$180, |$250, |$262, |
Income | 992)| 726 | 669 | 197 | 844|
----------|-----|-----|------|------|------|
GM |13.1%|39.9%|44.5% |47.7% |47.1% |
----------|-----|-----|------|------|------|
EBITDA | $31 | $202| $309 |$398 |$417 |
----------|-----|-----|------|------|------|
MG&A |$129 | $159|$144 |$156 |$142 |
----------|-----|-----|------|------|------|
R&D |$158 | $151|$161 |$156 |$163 |
----------|-----|-----|------|------|------|
Depreci- | | | | | |
ation |$130 | $130|$128 |$148 |$154 |
----------|-----|-----|------|------|------|
|Q3'99|Q4,99| Q1'00|Q2'00 |Q3'00 |
----------|-----|-----|------|------|------|
Net Sales |$662 | $969|$1,092|$1,170|$1,207|
----------|-----|-----|------|------|------|
Tax Rate% | | | | 20% | 20% |
----------|-----|-----|------|------|------|
International | | | | |
Sales |63% | 63% | 59% | 61% | 57% |
----------|-----|-----|------|------|------|
Interest |($11,|($5, |$9,649|$8,691|$2,407|
Income | 276)| 412)| | | |
----------|-----|-----|------|------|------|
Investment| |
Gains | |
|--------------------------------|
|Q3'99|Q4,99| Q1'00|Q2'00 |Q3'00 |
----------|-----|-----|------|------|------|
Net Sales |$662 | $969|$1,092|$1,170|$1,207|
----------|-----|-----|------|------|------|
Accounts | | | | | |
Receivable| |$430 |$408 |$533 |$688 |
----------|-----|-----|------|------|------|
Accounts | | | | | |
payable | |$387 |$317 |$353 |$387 |
----------|-----|-----|------|------|------|
Capital | | | | | |
Additions |$146 | $126|$129 |$161 |$249 |
|--------------------------------|
|Q3'99|Q4,99| Q1'00|Q2'00 |Q3'00 |
----------|-----|-----|------|------|------|
Net Sales |$662 | $969|$1,092|$1,170|$1,207|
----------|-----|-----|------|------|------|
Inventory | | | | | |
Total | |$198 |$205 |$256 |$291 |
----------|-----|-----|------|------|------|
Inventory | | | | | |
Finished | | | | | |
Goods | | | | | |
----------|-----|-----|------|------|------|
Inventory | | | | | |
Work in | | | | | |
Process | | | | | |
----------|-----|-----|------|------|------|
Inventory | | | | |
Raw | | | | | |
materials | | | | | |
----------|-----|-----|------|------|------|
|Q3'99|Q4,99| Q1'00|Q2'00 |Q3'00 |
----------|-----|-----|------|------|------|
Net Sales |$662 | $969|$1,092|$1,170|$1,207|
----------|-----|-----|------|------|------|
Employees |13,244 | | |13,784|14,004|
Days Sales| | | | | |
outstanding | | | | |
----------|-----|-----|------|------|------|
Shares out|295, |305, |343, |352, |352, |
standig | 223| 500| 884| 973| 893 |
----------|-----|-----|------|------|------|
Goutama |
