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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (64506)	7/13/1999 5:38:00 PM
From: gnuman	Respond to of 132070

INTC Supplemental Info Notice that Q2'99 Arch Group revenues down 870M from Q1'99. (-13.5%) Note also: For the second quarter of 1999, approximately $400 million of the change in revenue in the "all other" category is due to the impact of the reserve for deferred income on shipments to distributors and other corporate reserves From earnings report: (Edited for just Q1/Q2'99) INTEL CORPORATION SUPPLEMENTAL FINANCIAL AND OTHER INFORMATION (In millions) Restated Q2 '99 Q1'99 Intel Architecture Business Group: Revenues 5,559 6,429 Operating profit 2,305 2,944 All other: Revenues 1,187 674 Operating Profit(loss) 15 (307) Total: Revenues 6,746 7,103 Operating profit 2,320 2,637 In the first quarter of 1999, Intel had two reportable segments: the Intel Architecture Business Group and the Computing Enhancement Group. During the second quarter, Intel changed the structure of its internal organization, moving the chipset operation and the graphics chips operation to the Intel Architecture Business Group from the Computing Enhancement Group. This change was made to better align the product planning and marketing strategies of the company's component operations. As a result, the second quarter information has been presented with the Intel Architecture Business Group as the only remaining reportable segment. Information for prior periods has been restated. The Intel Architecture Business Group now includes microprocessors, motherboards, other board-level products, chipsets, and graphics chips. The "all other" category includes revenues and earnings (losses) from non-reportable operating segments: the remaining embedded processor and flash memory operations of the Computing Enhancement Group, the Network Communications Group and the New Business Group. In addition, "all other" includes certain corporate-level operating expenses (primarily the amount by which profit-dependent bonus expenses differ from a targeted level recorded by the segments) and reserves for deferred income on shipments to distributors not allocated to operating segments. For the second quarter of 1999, approximately $400 million of the change in revenue in the "all other" category is due to the impact of the reserve for deferred income on shipments to distributors and other corporate reserves