Partial CC notes, pardon typos, Andy's opening remarks exactly as in release.
Edit: I see that I did write down that expenses for the quarter are running a bit lower than predicted, at $2.0 to $2.1B, had been 2.1 to 2.2. That's good if i got it right.
Q&A:
Sanford Bernstein: where upside: servers, notebooks, geos?
Consumers up some, business and disty up some.
Andy, Asia up some, US flattish.
C, Glavin, CSFB re margins, how about ASPs, is that still the driver? Andy, yes, 0.13 helps, love to have more of that now. ASPs will continue to be driver into margins.
300 mm? Andy no answer
Edelstone: P4 and ramp: obviously strong, doubling Q3 to Q4 happening? Excess demand to ramp? Andy, no answer on first part. 2nd question, Intel is supply tight, customers still asking for more product. Can't estimate on excess demand, but it's there. Edelstone: backlog going into Q1? Andy: backlog about where Intel likes it. He wouldn't be led into a backlog creating a "head start" into Q1 premise.
Terry Ragsdale, GS: you know quarter at this point, right? end Q not too exciting. Andy: still can get cancellations which make for surprise, but feel confident with the rev. range.
Didn't get name: headcount question: Andy: close to normal attrition.
UBS Warburg: unit growth rate on processors in Q3 exceed of: lost question in connection flaking out.
Jon Joseph, with P4 ahead of expectations, increase ASPs? Maybe.
Never heard of questioner, upside this Q from OEMs or whitebox mfrs? Absolutely from both, plus disty channels too. An all of the above answer.
B of A: Comm tracking at expectations, how about breaking out flash vs. comm products? Nope, can't, outside agenda of this call.
JP Morgan: DDR on track?: yes, no problems with that.
Hans Mosesmann: 0.13 crossover? Andy, no change, first or second quarter, in a chart we don't get to see. Again, on track.
Osha: based on P4 volumes and ASPs, why isn't rev. range higher? Andy, no answer. Still 2X P4 in Q4 vs. Q3. The old Intel sandbag here?
Manuf. margins question. Mfg. ramp going as expected, maybe better. Factories more mature now, make for better margins.
Scovel of Needham: lower end to higher end, what's stronger: Andy: high end, P4, definitely.
Americas flat, is that normal? Yes, big driver for Q4 typically comes from Asia and Europe. Knock my socks off with that answer. 1.4, 1.5 GHz shortage?: more across the board, not just 1.4, 1.5.
Ross, Weisel, gaining share in microprocessors? Andy, yes, said that in October and still say it. No hesitation, almost resounding answer, particularly for Andy B. .
Edit, question on logic factories, are they full? Andy: yes, they are full. Can't say that for flash and comm., however.
The end, but I may have missed a question or 2. |
