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To: Bo_ who wrote (43924)	4/17/2001 4:21:45 PM
From: Bo_	Read Replies (2) \| Respond to of 49816

Intel Reports First Quarter Revenue of $6.7 Billion 4/17/01 4:20 PM ET SANTA CLARA, Calif.--(BUSINESS WIRE)--April 17, 2001-- First Quarter Earnings Excluding Acquisition-Related Costs(1) $0.16 Per Share; First Quarter Earnings Per Share $0.07 -- Intel Investor Relations Web site: www.intc.com -- Q1 earnings announcement call live on Web site at 2:30 p.m. PDT -- Conference call replay number 719/457-0820; access No. 601126 -- Replay available shortly after end of conference call through April 24 Intel Corporation today announced first quarter revenue of $6.7 billion, down 16 percent from the first quarter of 2000 and down 23 percent sequentially. For the first quarter, net income, excluding acquisition-related costs, was $1.1 billion, down 64 percent from the first quarter of 2000 and down 58 percent sequentially. First quarter earnings, excluding acquisition-related costs, were $0.16 per share, a decrease of 63 percent from $0.43 in the first quarter of 2000 and down 58 percent sequentially. Last year's first quarter earnings per share includes a reversal of previously accrued taxes that reduced that quarter's tax provision by $600 million, and improved first quarter 2000 results by $0.09 per share. The reversal was related to the company's previous announcement that the Internal Revenue Service had closed its examination of the its tax returns up to and including 1998. Including acquisition-related costs, in accordance with generally accepted accounting principles, first quarter net income was $485 million, down 82 percent from first quarter of 2000 and down 78 percent sequentially. Earnings per share were $0.07, down 82 percent from $0.39 in the first quarter of 2000 and down 78 percent sequentially. Acquisition-related costs in the first quarter consisted of $75 million in one-time charges for purchased in-process research and development and $585 million of amortization and write-offs of goodwill and other acquisition-related intangibles and costs. tscquote.thestreet.com