Tag: financial

Xiaomi Launches Mi Credit A Personal Loan Platform For MIUI Users

Xiaomi has ventured into a new avenue, away from smartphones and other consumer electronics. The company has announced the launch of Mi Credit in India, a new service that acts as a platform for users to initiate financial lendings. The company has listed financial loan providers on Mi Credit and users can log onto the platform to apply for quick loans.

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Xiaomi has announced that Mi Credit is, as of now, available in partnership with KreditBee, an instant personal loan platform for young professionals. The service is only available for MIUI users, which means the Mi A1 users will miss out on it. KreditBee is providing loans from Rs 1000 up to Rs 1,00,000. The company claims that the loan can be initiated within 10 minutes with a simple KYC verification. All verification and user information input is done on partner platforms, with Mi Credit currently only listing all agents.

Manu Jain, VP of Xiaomi, and MD Xiaomi India said:

The connectivity between our devices and the seamless integration between hardware and internet services enable us to provide our users with better user experience. Mi Credit is another big step in bringing an important internet service to India and we trust that our users would be able to truly benefit as the service becomes more sophisticated.

This is Xiaomi’s third value-added Internet service in India. The company recently launched Mi Music and Mi Video as well. Mi Music similar to other music streaming services like Gaana, Amazon Prime Music and more. It has an interesting Dynamic Lyrics feature wherein the app will highlight the lyrics of the song that’s currently being sung. With Mi Video, users get streaming services like SonyLIV, Hungama Play, Voot, AltBalaji, Zee5, Viu, TVF and more in a single app.

May 24, 2018
Apple Announces Q3 results : $35 billion revenue, $8.8 billion in net profits

Apple has announced their Q3 results and as always the company has posted a massive profit. The company pulled in $35 billion in revenue, pocketing $8.8 billion of pure profit, a record for both in Q3. Profits were up $1.5 billion from Q3 of 2011. During the last three months the company shipped 17 million iPads, an 84 percent increase when compared to the same quarter in 2011.

More than $16 billion of the total revenue is directly attributable to the smaller member of the iOS family, the iPhone. The iPad is also not behind getting over $9 billion in this quarter alone. As an up, Apple is able to award its investors a $2.65 per-share dividend.For the next quarter Apple actually expects a small drop in both revenue and earnings per-share.

Tim Cook also discussed how China has instrumental in Apple’s continued growth. While revenues were down $2.2 billion from the previous quarter in the country they were up roughly 48 percent year-over-year to $5.7 billion.

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Apple Reports Third Quarter Results
17 Million iPads Sold

CUPERTINO, Calif., Jul 24, 2012 (BUSINESS WIRE) — –Board Declares Quarterly Dividend of $2.65 per Common Share

Apple(R) today announced financial results for its fiscal 2012 third quarter ended June 30, 2012. The Company posted quarterly revenue of $35.0 billion and quarterly net profit of $8.8 billion, or $9.32 per diluted share. These results compare to revenue of $28.6 billion and net profit of $7.3 billion, or $7.79 per diluted share, in the year-ago quarter. Gross margin was 42.8 percent compared to 41.7 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter’s revenue.

The Company sold 26.0 million iPhones in the quarter, representing 28 percent unit growth over the year-ago quarter. Apple sold 17.0 million iPads during the quarter, an 84 percent unit increase over the year-ago quarter. The Company sold 4.0 million Macs during the quarter, a two percent unit increase over the year-ago quarter. Apple sold 6.8 million iPods, a 10 percent unit decline from the year-ago quarter.

Apple’s Board of Directors has declared a cash dividend of $2.65 per share of the Company’s common stock. The dividend is payable on August 16, 2012, to stockholders of record as of the close of business on August 13, 2012.

“We’re thrilled with record sales of 17 million iPads in the June quarter,” said Tim Cook, Apple’s CEO. “We’ve also just updated the entire MacBook line, will release Mountain Lion tomorrow and will be launching iOS 6 this Fall. We are also really looking forward to the amazing new products we’ve got in the pipeline.”

“We’re continuing to invest in the growth of our business and are pleased to be declaring a dividend of $2.65 per share today,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the fourth fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $7.65.”

Apple will provide live streaming of its Q3 2012 financial results conference call beginning at 2:00 p.m. PDT on July 24, 2012 at www.apple.com/quicktime/qtv/earningsq312 . This webcast will also be available for replay for approximately two weeks thereafter.

This press release contains forward-looking statements including without limitation those about the Company’s estimated revenue and diluted earnings per share. These statements involve risks and uncertainties, and actual results may differ. Risks and uncertainties include without limitation the effect of competitive and economic factors, and the Company’s reaction to those factors, on consumer and business buying decisions with respect to the Company’s products; continued competitive pressures in the marketplace; the ability of the Company to deliver to the marketplace and stimulate customer demand for new programs, products, and technological innovations on a timely basis; the effect that product introductions and transitions, changes in product pricing or mix, and/or increases in component costs could have on the Company’s gross margin; the inventory risk associated with the Company’s need to order or commit to order product components in advance of customer orders; the continued availability on acceptable terms, or at all, of certain components and services essential to the Company’s business currently obtained by the Company from sole or limited sources; the effect that the Company’s dependency on manufacturing and logistics services provided by third parties may have on the quality, quantity or cost of products manufactured or services rendered; risks associated with the Company’s international operations; the Company’s reliance on third-party intellectual property and digital content; the potential impact of a finding that the Company has infringed on the intellectual property rights of others; the Company’s dependency on the performance of distributors, carriers and other resellers of the Company’s products; the effect that product and service quality problems could have on the Company’s sales and operating profits; the continued service and availability of key executives and employees; war, terrorism, public health issues, natural disasters, and other circumstances that could disrupt supply, delivery, or demand of products; and unfavorable results of other legal proceedings. More information on potential factors that could affect the Company’s financial results is included from time to time in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s public reports filed with the SEC, including the Company’s Form 10-K for the fiscal year ended September 24, 2011, its Forms 10-Q for the fiscal quarters ended December 31, 2011 and March 31, 2012, and its Form 10-Q for the quarter ended June 30, 2012 to be filed with the SEC. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.

Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad.

NOTE TO EDITORS: For additional information visit Apple’s PR website ( www.apple.com/pr ), or call Apple’s Media Helpline at (408) 974-2042.

(C) 2012 Apple Inc. All rights reserved. Apple, the Apple logo, Mac, Mac OS and Macintosh are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

Apple Inc.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except number of shares which are reflected in
thousands and per share amounts)
Three Months Ended Nine Months Ended
——————————- ——————————-
June 30, 2012 June 25, 2011 June 30, 2012 June 25, 2011
————— ————— ————— —————
Net sales $ 35,023 $ 28,571 $ 120,542 $ 79,979
Cost of sales (1) 20,029 16,649 66,281 47,541
——- ——- ——- ——-
Gross margin 14,994 11,922 54,261 32,438
——- ——- ——- ——-
Operating expenses:
Research and development (1) 876 628 2,475 1,784
Selling, general and administrative (1) 2,545 1,915 7,489 5,574
——- ——- ——- ——-
Total operating expenses 3,421 2,543 9,964 7,358
——- ——- ——- ——-
Operating income 11,573 9,379 44,297 25,080
Other income and expense 288 172 573 334
——- ——- ——- ——-
Income before provision for income taxes 11,861 9,551 44,870 25,414
Provision for income taxes 3,037 2,243 11,360 6,115
——- ——- ——- ——-
Net income $ 8,824 $ 7,308 $ 33,510 $ 19,299
======= ======= ======= =======
Earnings per common share:
Basic $ 9.42 $ 7.89 $ 35.89 $ 20.91
Diluted $ 9.32 $ 7.79 $ 35.48 $ 20.63
Shares used in computing earnings per share:
Basic 936,596 926,108 933,672 922,917
Diluted 947,059 937,810 944,440 935,688
(1) Includes stock-based compensation expense as follows:
Cost of sales $ 70 $ 52 $ 196 $ 155
Research and development $ 172 $ 119 $ 500 $ 336
Selling, general and administrative $ 206 $ 113 $ 596 $ 379

Apple Inc.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions, except number of shares which are reflected in
thousands)
June 30, 2012 September 24, 2011
——————– ——————–
ASSETS:
Current assets:
Cash and cash equivalents $ 7,945 $ 9,815
Short-term marketable securities 19,709 16,137
Accounts receivable, less allowances of $94 and $53, respectively 7,657 5,369
Inventories 1,122 776
Deferred tax assets 2,309 2,014
Vendor non-trade receivables 6,641 6,348
Other current assets 6,560 4,529
———- ———-
Total current assets 51,943 44,988
Long-term marketable securities 89,567 55,618
Property, plant and equipment, net 10,487 7,777
Goodwill 1,132 896
Acquired intangible assets, net 4,329 3,536
Other assets 5,438 3,556
———- ———-
Total assets $ 162,896 $ 116,371
========== ==========
LIABILITIES AND SHAREHOLDERS’ EQUITY:
Current liabilities:
Accounts payable $ 16,808 $ 14,632
Accrued expenses 10,430 9,247
Deferred revenue 5,822 4,091
———- ———-
Total current liabilities 33,060 27,970
Deferred revenue – non-current 2,530 1,686
Other non-current liabilities 15,560 10,100
———- ———-
Total liabilities 51,150 39,756
———- ———-
Commitments and contingencies
Shareholders’ equity:
Common stock, no par value; 1,800,000 shares authorized; 937,266 and 15,573 13,331
929,277 shares issued and outstanding, respectively
Retained earnings 95,641 62,841
Accumulated other comprehensive income 532 443
———- ———-
Total shareholders’ equity 111,746 76,615
———- ———-
$ 162,896 $ 116,371
Total liabilities and shareholders’ equity
========== ==========

Apple Inc.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
Nine Months Ended
—————————————–
June 30, 2012 June 25, 2011
——————– ——————–
Cash and cash equivalents, beginning of the period $ 9,815 $ 11,261
——— ———
Operating activities:
Net income 33,510 19,299
Adjustments to reconcile net income to cash generated by operating
activities:
Depreciation, amortization and accretion 2,296 1,271
Share-based compensation expense 1,292 870
Deferred income tax expense 4,066 2,232
Changes in operating assets and liabilities:
Accounts receivable, net (2,278) (592)
Inventories (346) 162
Vendor non-trade receivables (293) (955)
Other current and non-current assets (3,238) (1,551)
Accounts payable 2,450 2,480
Deferred revenue 2,575 1,276
Other current and non-current liabilities 1,686 2,608
——— ———
Cash generated by operating activities 41,720 27,100
——— ———
Investing activities:
Purchases of marketable securities (121,091) (75,133)
Proceeds from maturities of marketable securities 10,344 16,396
Proceeds from sales of marketable securities 73,140 34,301
Payments made in connection with business acquisitions, net of cash (350) 0
acquired
Payments for acquisition of property, plant and equipment (4,834) (2,615)
Payments for acquisition of intangible assets (1,067) (266)
Other (56) 34
——— ———
Cash used in investing activities (43,914) (27,283)
——— ———
Financing activities:
Proceeds from issuance of common stock 433 577
Excess tax benefits from equity awards 1,036 915
Taxes paid related to net share settlement of equity awards (1,145) (479)
——— ———
Cash generated by financing activities 324 1,013
——— ———
(Decrease)/increase in cash and cash equivalents (1,870) 830
——— ———
Cash and cash equivalents, end of the period $ 7,945 $ 12,091
========= =========
Supplemental cash flow disclosure:
Cash paid for income taxes, net $ 5,901 $ 2,563

Apple Inc.
Q3 2012 Unaudited Summary Data
(Units in thousands, Revenue in millions)
Q2 2012 Q3 2011 Q3 2012
———————- ———————- ———————-
Sequential Change Year/Year Change
——————- ——————-
Operating Segments Mac Units Revenue Mac Units Revenue Mac Units Revenue Mac Units Revenue Mac Units Revenue
——— ———– ——— ———– ——— ———– ——— ——- ——— ——-
Americas 1,214 $ 13,182 1,487 $ 10,126 1,522 $ 12,806 25% – 3% 2% 26%
Europe 1,048 8,807 922 7,098 941 8,237 – 10% – 6% 2% 16%
Japan 158 2,645 150 1,510 173 2,009 9% – 24% 15% 33%
Asia Pacific 771 10,153 620 6,332 593 7,887 – 23% – 22% – 4% 25%
Retail 826 4,399 768 3,505 791 4,084 – 4% – 7% 3% 17%
——— —— ——— —— ——— ——
Total Operating Segments 4,017 $ 39,186 3,947 $ 28,571 4,020 $ 35,023 0% – 11% 2% 23%
========= === ====== ========= === ====== ========= === ======
Sequential Change Year/Year Change
——————- ——————-
Product Summary Units Revenue Units Revenue Units Revenue Units Revenue Units Revenue
——— ———– ——— ———– ——— ———– ——— ——- ——— ——-
Mac Desktops (1)(9) 1,199 $ 1,563 1,155 $ 1,580 1,010 $ 1,287 – 16% – 18% – 13% – 19%
Mac Portables (2)(9) 2,818 3,510 2,792 3,525 3,010 3,646 7% 4% 8% 3%
——— —— ——— —— ——— ——
Subtotal Mac 4,017 5,073 3,947 5,105 4,020 4,933 0% – 3% 2% – 3%
iPod (3)(9) 7,673 1,207 7,535 1,325 6,751 1,060 – 12% – 12% – 10% – 20%
Other Music Related Products and Services (4) 2,151 1,571 2,060 – 4% 31%
iPhone and Related Products and Services (5)(9) 35,064 22,690 20,338 13,311 26,028 16,245 – 26% – 28% 28% 22%
iPad and Related Products and Services (6)(9) 11,798 6,590 9,246 6,046 17,042 9,171 44% 39% 84% 52%
Peripherals and Other Hardware (7) 643 517 663 3% 28%
Software, Service and Other Sales (8) 832 696 891 7% 28%
—— —— ——
Total Apple $ 39,186 $ 28,571 $ 35,023 – 11% 23%
=== ====== === ====== === ======
(1) Includes revenue from iMac, Mac mini and Mac Pro sales.
(2) Includes revenue from MacBook, MacBook Air and MacBook Pro sales.
(3) Includes revenue from iPod sales.
(4) Includes revenue from sales from the iTunes Store, App Store and
iBookstore in addition to sales of iPod services and Apple-branded
and third-party iPod accessories.
(5) Includes revenue from sales of iPhone, iPhone services, and
Apple-branded and third-party iPhone accessories.
(6) Includes revenue from sales of iPad, iPad services, and
Apple-branded and third-party iPad accessories.
(7) Includes revenue from sales of displays, networking products and
other hardware.
(8) Includes revenue from sales of Apple-branded and third-party Mac
software, and services.
(9) Includes amortization of related revenue deferred for non-software
services and embedded software upgrade rights.

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[Apple]

July 25, 2012
Motorola Mobility result out, loses $86 million in Q1

Motorola has posted yet another disappointing quarter, while revenues were up to $3.1 billion, Moto lost $86 million in Q1 of 2012. That is 6 more million lost compared to their previous quarter. In terms of shipments only 8.9 million devices were shipped in the quarter which is down from the 10.5 million shipped last quarter. The company’s home gateways and broadcast goods, managed to generate $68 million, up from $53 million a year ago.

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Motorola Mobility Announces First Quarter Financial Results

LIBERTYVILLE, Ill., May 1, 2012 /PRNewswire/ —

First Quarter Financial Highlights

Net revenues of $3.1 billion

Non-GAAP net loss of $0.03 per share compared to net loss of $0.08 per share in first quarter 2011; GAAP net loss of $0.28 per share compared to net loss of $0.27 per share in first quarter 2011

Mobile Devices net revenues of $2.2 billion; Non-GAAP operating loss of $85 million; GAAP operating loss of $121 million

Shipped 8.9 million mobile devices, including 5.1 million smartphones

Home net revenues of $884 million; Non-GAAP operating earnings of $91 million; GAAP operating earnings of $68 million

Motorola Mobility Holdings, Inc. (NYSE: MMI) today reported net revenues of $3.1 billion in the first quarter of 2012, up 2 percent compared to the first quarter of 2011. The GAAP net loss in the first quarter of 2012 was $86 million, or $0.28 per share, compared to a net loss of $81 million, or $0.27 per share, in the first quarter of 2011. On a non-GAAP basis, the net loss in the first quarter 2012 was $10 million, or $0.03 per share, compared to a net loss of $25 million, or $0.08 per share, in the first quarter of 2011.

The Company had operating cash outflow of $98 million in the first quarter. Total cash at the end of the quarter was $3.5 billion and includes cash, cash equivalents, and cash deposits.
Details on non-GAAP adjustments and the use of non-GAAP measures are included later in this press release and in the financial tables.

“The introduction of RAZR™ MAXX marked another successful addition to the Motorola product family and contributed to our growth in smartphones. Our Home business delivered another solid quarter highlighted by improvement in year-over-year profitability,” said Sanjay Jha, chairman and chief executive officer, Motorola Mobility. “We continue to work closely with Google to complete the proposed merger during the first half of the year.”

Operating Results

Mobile Devices net revenues in the first quarter were $2.2 billion, up 3 percent compared with the year-ago quarter. The GAAP operating loss was $121 million compared to an operating loss of $89 million in the year-ago quarter. The non-GAAP operating loss was $85 million compared to an operating loss of $61 million in the year-ago quarter. The Company shipped a total of 8.9 million mobile devices in the first quarter, including 5.1 million smartphones.
Mobile Devices highlights:

Launched RAZR™ MAXX, the longest-lasting 4G LTE smartphone, allowing customers to talk for over 21 hours on a single charge, and DROID 4 by Motorola, the thinnest and most powerful 4G LTE QWERTY smartphone.

Expanded budget-friendly smartphone portfolio in China, Europe, and Latin America with the introduction of MOTOLUXE™, a slim touchscreen device and Motorola DEFY™ MINI, the ideal “life proof” device for the active consumer.

Teamed up with Bubba Watson, four time PGA Tour winner, including the 2012 Masters to introduce MOTOACTV™ Golf Edition, a cutting-edge GPS golf tracker, virtual caddy and online clubhouse.

Home segment net revenues in the first quarter were $884 million, down 2 percent compared with the year-ago quarter. GAAP operating earnings improved to $68 million, compared to $53 million in the year-ago quarter. Non-GAAP operating earnings were $91 million compared to $81 million in the year-ago quarter.

Home highlights:

Introduced Connected Home Gateway, the industry’s first plug-and-play solution for home monitoring and control services.

Provided equipment and services to Asian Broadcasting Network for launch of Malaysia’s most advanced digital cable TV network.

Industry recognition of our Medios multi-screen software portfolio including SecureMedia® named “Best Rights and Asset Management Solution” at 2012 IPTV World Forum.

Announced global distributor and integrator agreement with Edgecast’s Content Delivery Network platform, enabling advanced multi-screen service delivery to consumers.

Merger Update

As previously announced on August 15, 2011, Motorola Mobility and Google Inc. (“Google”) (NASDAQ: GOOG) entered into a definitive agreement for Google to acquire Motorola Mobility for $40.00 per share in cash, or a total of approximately $12.5 billion.

Motorola Mobility and Google continue to work closely with the authorities in China for approval on the acquisition. The transaction has been investigated and cleared without conditions in all other jurisdictions with pre-closing clearance requirements. We continue to expect the transaction to close during the first half of 2012.

For more information on the proposed merger, please visit http://investors.motorola.com.
Conference Call and Webcast

In light of the pending acquisition of the Company by Google, the Company does not conduct a financial analyst conference call or webcast following the release of its earnings information nor provide financial guidance. To access the first quarter results and other financial information, please visit http://investors.motorola.com.

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May 3, 2012
AMD reports $1.69 billion in revenue for Q3

AMD has published its Q3 results, and the company reports a total revenue of US $ 1.69 Billion. With a total income of approx. US $ 97 million. This is up from the $61 million in Q2 and a whole leap away from the $118 million loss posted this time last year. Even the Graphics division (ATI) is reporting a net profit of US $ 12 Million up from the 7 Million Loss. Good going AMD , hopefully we can expect much better from them , Check out the excruciatingly long Earnings report below.

[toggle title_open=”Earnings Results” title_closed=”Collapse Results” hide=”yes” border=”yes” style=”default” excerpt_length=”0″ read_more_text=”Read More” read_less_text=”Read Less” include_excerpt_html=”no”]AMD Reports Third Quarter Results

SUNNYVALE, CA, Oct 27, 2011 (MARKETWIRE via COMTEX) — AMD AMD +4.87%

— AMD revenue $1.69 billion, 7 percent sequential increase and 4 percent
increase year-over-year
— Net income $97 million, earnings per share $0.13, operating income
$138 million
— Non-GAAP(1) net income $110 million, earnings per share $0.15,
operating income $146 million
— Gross margin 45 percent
— More than 60 percent sequential increase in mobile Accelerated
Processor Unit (APU) shipments drives record mobile microprocessor
revenue and unit shipments

AMD today announced revenue for the third quarter of 2011 of $1.69 billion, net income of $97 million, or $0.13 per share, and operating income of $138 million. The company reported non-GAAP net income of $110 million, or $0.15 per share, and non-GAAP operating income of $146 million.

“Strong adoption of AMD APUs drove a 35 percent sequential revenue increase in our mobile business,” said Rory Read, AMD president and CEO. “Despite supply constraints, we saw double digit revenue and unit shipment growth in emerging markets like China and India as well as overall notebook share gains in retail at mainstream price points. Through disciplined execution and continued innovation we will look to accelerate our growth and refine our focus on lower power, emerging markets, and the cloud.”

GAAP Financial Results(2)

—————————————————————————–
Q3-11 Q2-11 Q3-10
—————————————————————————–
Revenue $1.69B $1.57B $1.62B
—————————————————————————–
Operating income $138M $105M $128M
—————————————————————————–
Net income (loss) / Earnings (loss)
per share $97M/$0.13 $61M/$0.08 $(118)M/$(0.17)
—————————————————————————–

Non-GAAP Financial Results(1)

—————————————————————————–
Q3-11 Q2-11 Q3-10
—————————————————————————–
Revenue $1.69B $1.57B $1.62B
—————————————————————————–
Operating income $146M $114M $144M
—————————————————————————–
Net income / Earnings per share $110M/$0.15 $70M/$0.09 $108M/$0.15
—————————————————————————–

Quarterly Summary

— Gross margin was 45 percent.
— Cash, cash equivalents and marketable securities balance, including
long-term marketable securities, was $1.86 billion at the end of the
quarter.
— Computing Solutions segment revenue increased 6 percent sequentially
and 5 percent year-over-year. Sequentially, higher mobile and server
microprocessor revenues were partially offset by lower desktop
revenue. The year-over-year increase was primarily driven by higher
mobile processor and chipset revenue.
— Operating income was $149 million, compared with $142 million in
Q2 11 and $164 million in Q3 10.
— Microprocessor ASP increased sequentially and decreased
year-over-year.
— Leading notebook manufacturers including Acer, ASUS, Dell, HP,
Lenovo, Samsung and Toshiba continued to increase global
availability of their notebook platforms based on the AMD A-Series
APUs, bringing brilliant HD graphics and up to 10.5 hours of
battery life(3) to users worldwide.
— Acer, ASUS, HP, Lenovo, MSI, Samsung, Sony and Toshiba also
introduced ultraportable notebooks with improved performance and
battery life based on the updated AMD C- and E-Series APUs.
— AMD introduced the first processors based on the next-generation
x86 “Bulldozer” architecture.
— AMD launched the AMD FX series of desktop processors,
including the first-ever eight-core desktop processor that
enables extreme multi-display gaming, mega-tasking and HD
content creation. The 8-core AMD FX desktop processor also set
the Guinness World Record for ‘Highest Frequency of a Computer
Processor’.(4)
— The next-generation AMD Opteron(TM) processor codenamed
“Interlagos” began shipping in the quarter and has been
integrated into a significant number of new or upgraded
supercomputer installations including the High Performance
Computing Center Stuttgart, the UK’s National Academic
Supercomputer Service, the Swiss National Supercomputing
Center and the Department of Energy’s (DOE) Oak Ridge National
Laboratory (ORNL) “Titan,” which is expected to be one of the
world’s fastest supercomputers.
— AMD announced two advances in its work with the software
community to promote development of applications that take
full advantage of the computing power found in APUs and
discrete graphics processor units (GPUs).
— AMD announced an AMD Fusion Fund investment in BlueStacks,
whose software enables Android applications to run on
Windows(R)-based devices.
— AMD software partner MotionDSP announced that it has
optimized the industry-leading Ikena real-time video
reconstruction software for OpenCL(TM), to enable a 60
percent improvement on AMD FirePro(TM) professional
graphics.
— Graphics segment revenue increased 10 percent sequentially and 4
percent year-over-year. The sequential increase was driven primarily
by seasonality in the add-in-board market. The year-over-year increase
was primarily driven by increased discrete mobile graphics revenue.
— Operating income was $12 million, compared with operating loss of
$7 million in Q2 11 and operating income of $1 million in Q3 10.
— GPU ASP increased sequentially and year-over-year.
— AMD demonstrated the industry’s first 28 nanometer mobile GPU.
AMD’s next-generation family of high-performance graphics cards is
expected to ship for revenue later this year.
— AMD launched the AMD Radeon(TM) HD 6990M GPU, the world’s
fastest mobile graphics product(5) with support for
DirectX(R)11 gaming, AMD Eyefinity Technology multi-monitor
configurations driving up to six monitors, and AMD App
Acceleration that enhances the performance of a growing number of
games as well as multimedia and productivity applications.
— AMD expanded the company’s professional graphics solutions to the
real-time professional video and broadcast graphics market with
the launch of AMD FirePro(TM) SDI-Link.

Current Outlook

AMD’s outlook statements are based on current expectations. The following statements are forward-looking, and actual results could differ materially depending on market conditions and the factors set forth under “Cautionary Statement” below.

AMD expects revenue to increase 3 percent, plus or minus 2 percent, sequentially for the fourth quarter of 2011.

For additional detail regarding AMD’s results and outlook please see the CFO commentary posted at quarterlyearnings.amd.com.

AMD Teleconference

AMD will hold a conference call for the financial community at 2:00 p.m. PT (5:00 p.m. ET) today to discuss its third quarter financial results. AMD will provide a real-time audio broadcast of the teleconference on the Investor Relations page of its Web site at AMD. The webcast will be available for 10 days after the conference call.

Reconciliation of GAAP Net Income (Loss) to Non-GAAP Net Income(1)

————————————————–
(Millions except per share
amounts) Q3-11 Q2-11 Q3-10
—————————————————————————-
GAAP net income (loss) /
Earnings (loss) per share $ 97 $ 0.13 $ 61 $ 0.08 $ (118) $ (0.17)
—————————————————————————-
Equity income (loss)
and dilution gain in – – – – (186) (0.25)
investee, net
—————————————————————————-
Non-GAAP net income
excluding GLOBALFOUNDRIES 97 0.13 61 0.08 68 0.09
related items
—————————————————————————-
Amortization of
acquired intangible (8) (0.01) (9) (0.01) (16) (0.02)
assets
—————————————————————————-
Loss on debt
repurchase (5) (0.01) – – (24) (0.03)
—————————————————————————-
Non-GAAP net income /
Earnings per share $ 110 $ 0.15 $ 70 $ 0.09 $ 108 $ 0.15
—————————————————————————-

Reconciliation of GAAP to Non-GAAP Operating Income(1)

—————————-
(Millions) Q3-11 Q2-11 Q3-10
—————————————————————————-
GAAP operating income $ 138 $ 105 $ 128
—————————————————————————-
Amortization of acquired intangible assets (8) (9) (16)
—————————————————————————-
Non-GAAP operating income $ 146 $ 114 $ 144
—————————————————————————-

About AMD AMD AMD +4.87% is a semiconductor design innovator leading the next era of vivid digital experiences with its groundbreaking AMD Fusion Accelerated Processing Units (APUs) that power a wide range of computing devices. AMD’s server computing products are focused on driving industry-leading cloud computing and virtualization environments. AMD’s superior graphics technologies are found in a variety of solutions ranging from game consoles, PCs to supercomputers. For more information, visit http://www.amd.com .

Cautionary Statement This release contains forward-looking statements concerning AMD, its fourth quarter 2011 revenue, demand for its products, supply of products from GLOBALFOUNDRIES, growth opportunities in low power, emerging markets and the cloud, and the timing of future product releases, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are commonly identified by words such as “would,” “may,” “expects,” “believes,” “plans,” “intends,” “projects,” and other terms with similar meaning. Investors are cautioned that the forward-looking statements in this release are based on current beliefs, assumptions and expectations, speak only as of the date of this release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. Risks include the possibility that Intel Corporation’s pricing, marketing and rebating programs, product bundling, standard setting, new product introductions or other activities targeting the company’s business will prevent attainment of the company’s current plans; the company will be unable to develop, launch and ramp new products and technologies in the volumes and mix required by the market and at mature yields on a timely basis; GLOBALFOUNDRIES will be unable to manufacture the company’s products on a timely basis in sufficient quantities and using competitive technologies; the company will be unable to obtain sufficient manufacturing capacity or components to meet demand for its products or will under-utilize its commitment with respect to GLOBALFOUNDRIES’ microprocessor manufacturing facilities; the company will be unable to transition its products to advanced manufacturing process technologies in a timely and effective way; global business and economic conditions will not continue to improve or will worsen resulting in lower than currently expected demand; demand for computers and consumer electronics products and, in turn, demand for the company’s products will be lower than currently expected; customers stop buying the company’s products or materially reduce their demand for its products; the company will require additional funding and may not be able to raise funds on favorable terms or at all; there will be unexpected variations in market growth and demand for the company’s products and technologies in light of the product mix that it may have available at any particular time or a decline in demand; and the company will be unable to maintain the level of investment in research and development that is required to remain competitive. Investors are urged to review in detail the risks and uncertainties in the company’s Securities and Exchange Commission filings, including but not limited to the Quarterly Report on Form 10-Q for the quarter ended July 2, 2011.

AMD, the AMD Arrow logo, AMD Opteron, AMD Radeon, and combinations thereof, and are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and used to identify companies and products and may be trademarks of their respective owner.

(1) In this press release, in addition to GAAP financial results, the Company has provided non-GAAP financial measures, including for non-GAAP net income excluding GLOBALFOUNDRIES related items, non-GAAP net income, non-GAAP operating income and non-GAAP earnings per share. These non-GAAP financial measures reflect certain adjustments as presented in the tables in this press release. The Company also provided Adjusted EBITDA and non-GAAP Adjusted free cash flow as supplemental measures of its performance. These items are defined in the footnotes to the selected corporate data tables provided at the end of this press release. The Company is providing these financial measures because it believes this non-GAAP presentation makes it easier for investors to compare its operating results for current and historical periods and also because the Company believes it assists investors in comparing the Company’s performance across reporting periods on a consistent basis by excluding items that it does not believe are indicative of its core operating performance and for the other reasons described in the footnotes to the selected data tables. Refer to corresponding tables at the end of this press release for additional AMD data.

(2) For the year 2010, the Company accounted for its investment in GLOBALFOUNDRIES under the equity method of accounting. Starting in the first quarter of 2011, the Company started accounting for its investment in GLOBALFOUNDRIES under the cost method of accounting.

(3) Testing conducted by AMD performance labs using a 2011 Sabine Reference Design “Torpedo” showed 628 minutes (10:28 hrs) using Windows Idle as a “Resting” metric. “Active” battery life using FutureMark(R) 3DMark(TM)06 as workload test showed 218 minutes (2:58 hrs). Battery life calculations are based on using a 6 cell Li-Ion 62.16Whr battery pack at 98% utilization. AMD defines “all-day” battery life as a score of 8+ hours.

(4) Testing conducted in AMD performance labs using liquid helium. Final frequency obtained was 8.429GHx on August 31, 2011. AMD’s product warranty does not cover damages caused by overclocking, even when overclocking is enabled via AMD hardware or software.

(5) In tests conducted in AMD performance labs at 1920×1080, simulating mobile performance with a down-clocked desktop test system the AMD Radeon(TM) HD 6990M-based system was measured to be faster than the Nvidia GeForce 580M in the following benchmarks: Dragon Age 2 at 4AA/16AF (23.69% faster), Total War: Shogun 2 at 2xAA/16xAF (10.36% faster), Aliens vs. Predator at 2xAA/8xAF (13.19% faster), Batman: Arkham Asylum at 4xAA/16xAF (16.85% faster), ET: Quake Wars at 8xAA/16xAF (25.82% faster), Just Cause 2 at 0xAA/2xAF (14.22% faster), Left 4 Dead 2 at 0xAA/0xAF (8.30% faster), Metro2033 at AAA/4xAF (11.40% faster), The Chronicles of Riddick: Assault on Dark Athena at 4xAA/8xAF (15.32% faster), Wolfenstein MP at 8xAA/16xAF (16.59% faster). Tests conducted with the following configuration: Asus M4A89GTD PRO/USB3, AMD Phenom(TM) II X4 965 (2.4GHz), 4GB (2GBX2GB), DDR3 system memory, Microsoft(R) Windows(R) 7 64-bit Ultimate operating system. Drivers: AMD Catalyst 8.861 RC1, Nvidia Driver 275.33 WHQL.

ADVANCED MICRO DEVICES, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Millions except per share amounts and percentages)

Quarter Ended Nine Months Ended
—————————- ——————
Oct. 1, Jul. 2, Sep. 25, Oct. 1, Sep. 25,
2011 2011 2010 2011 2010

——– ——– ——– ——– ——–

Net revenue $ 1,690 $ 1,574 $ 1,618 $ 4,877 $ 4,845

Cost of sales 934 854 879 2,710 2,627

——– ——– ——– ——– ——–

Gross margin 756 720 739 2,167 2,218

Gross margin % 45% 46% 46% 44% 46%

Research and development 361 367 359 1,095 1,053

Marketing, general and
administrative 249 239 236 749 684

Amortization of acquired
intangible assets 8 9 16 26 50

Restructuring reversals – – – – (4)

——– ——– ——– ——– ——–

Operating income 138 105 128 297 435

Interest income 3 2 3 8 9
Interest expense (42) (47) (56) (137) (160)
Other income (expense),
net (7) 4 (6) 8 297

——– ——– ——– ——– ——–

Income before equity
income (loss) and
dilution gain in investee
and income taxes 92 64 69 176 581

Provision (benefit) for
income taxes (5) 3 1 – (4)

Equity income (loss) and
dilution gain in
investee, net – – (186) 492 (489)

——– ——– ——– ——– ——–

Net income (loss) $ 97 $ 61 $ (118) $ 668 $ 96

——– ——– ——– ——– ——–

Net income (loss) per
share

Basic $ 0.13 $ 0.08 $ (0.17) $ 0.92 $ 0.13

Diluted $ 0.13 $ 0.08 $ (0.17) $ 0.90 $ 0.13

——– ——– ——– ——– ——–

Shares used in per share
calculation

Basic 729 724 713 725 710

Diluted 741 743 713 742 732

ADVANCED MICRO DEVICES, INC.
CONSOLIDATED BALANCE SHEETS
(Millions)

——– ——– ——–
Oct. 1, Jul. 2, Dec. 25,
2011 2011 2010
——– ——– ——–

Assets

Current assets:
Cash, cash equivalents and marketable
securities $ 1,807 $ 1,861 $ 1,789
Accounts receivable, net 908 759 968
Inventories, net 540 642 632
Prepaid expenses and other current assets 157 176 205

——– ——– ——–

Total current assets 3,412 3,438 3,594

Long-term marketable securities 50 – –
Property, plant and equipment, net 697 686 700
Investment in GLOBALFOUNDRIES 486 486 –
Acquisition related intangible assets, net 11 19 37
Goodwill 323 323 323
Other assets 257 272 310

——– ——– ——–

Total Assets $ 5,236 $ 5,224 $ 4,964
======== ======== ========

Liabilities and Stockholders’ Equity

Current liabilities:
Accounts payable $ 467 $ 455 $ 376
Accounts payable to GLOBALFOUNDRIES 151 117 205
Accrued liabilities 590 575 698
Deferred income on shipments to distributors 131 132 143
Other short-term obligations – – 229
Current portion of long-term debt and
capital lease obligations 489 4 4
Other current liabilities 27 29 19

——– ——– ——–

Total current liabilities 1,855 1,312 1,674

Long-term debt and capital lease obligations,
less current portion 1,571 2,195 2,188
Other long-term liabilities 66 76 82
Accumulated loss in excess of investment in
GLOBALFOUNDRIES – – 7

Stockholders’ equity:
Capital stock:
Common stock, par value 7 7 7
Additional paid-in capital 6,652 6,637 6,575
Treasury stock, at cost (107) (106) (102)
Accumulated deficit (4,800) (4,897) (5,468)
Accumulated other comprehensive income
(loss) (8) – 1
——– ——– ——–

Total stockholders’ equity 1,744 1,641 1,013

——– ——– ——–

Total Liabilities and Stockholders’ Equity $ 5,236 $ 5,224 $ 4,964
======== ======== ========

ADVANCED MICRO DEVICES, INC.
CONSOLIDATED STATEMENT OF CASH FLOWS
(Millions)
Nine
Quarter Months
Ended Ended
——– ——–
Oct. 1, Oct. 1,
2011 2011
——– ——–
Cash flows from operating activities:
Net income $ 97 $ 668
Adjustments to reconcile net income to net cash
provided by operating activities:
Equity income and dilution gain in investee – (492)
Depreciation and amortization 79 247
Compensation recognized under employee stock plans 22 69
Non-cash interest expense 5 16
Other (5) 4
Changes in operating assets and liabilities:
Accounts receivable (150) (337)
Inventories 102 92
Prepaid expenses and other current assets 6 42
Other assets (4) (3)
Accounts payable to GLOBALFOUNDRIES 34 (54)
Accounts payable, accrued liabilities and other 3 (57)
——– ——–
Net cash provided by operating activities $ 189 $ 195
——– ——–

Cash flows from investing activities:
Purchases of property, plant and equipment (58) (163)
Proceeds from sale of property, plant and equipment 16 16
Purchases of available-for-sale securities (509) (1,461)
Proceeds from sale and maturity of available-for-sale
securities 585 1,415
Other – (17)
——– ——–
Net cash provided by (used in) investing activities $ 34 $ (210)
——– ——–

Cash flows from financing activities:
Proceeds from borrowings, net of issuance cost – 170
Net proceeds from foreign grants – 10
Proceeds from issuance of AMD common stock 2 17
Repayments of debt and capital lease obligations (153) (158)
Other (1) (5)
——– ——–
Net cash provided by (used in) financing activities $ (152) $ 34
——– ——–
Net increase in cash and cash equivalents 71 19
——– ——–
Cash and cash equivalents at beginning of period $ 554 $ 606
——– ——–
Cash and cash equivalents at end of period $ 625 $ 625
——– ——–

ADVANCED MICRO DEVICES, INC.
SELECTED CORPORATE DATA
(Millions except headcount)

Quarter Ended Nine Months Ended
—————————————————————————-

Segment and Category Oct. 1, Jul. 2, Sep. 25, Oct. 1, Sep. 25,
Information 2011 2011 2010 2011 2010

—————————————————————————-

Computing Solutions (1)
Net revenue $ 1,286 $ 1,207 $ 1,226 $ 3,693 $ 3,598
Operating income $ 149 $ 142 $ 164 $ 391 $ 438

Graphics (2)
Net revenue 403 367 390 1,183 1,239
Operating income (loss) 12 (7) 1 24 81

All Other (3)
Net revenue 1 – 2 1 8
Operating loss (23) (30) (37) (118) (84)

Total
Net revenue $ 1,690 $ 1,574 $ 1,618 $ 4,877 $ 4,845
Operating income $ 138 $ 105 $ 128 $ 297 $ 435

—————————————————————————-

Other Data

Depreciation and
amortization
(excluding amortization
of acquired intangible
assets) $ 71 $ 71 $ 79 $ 221 $ 244
Capital additions $ 58 $ 67 $ 31 $ 163 $ 110
Adjusted EBITDA (4) $ 239 $ 205 $ 245 $ 642 $ 790
Cash, cash equivalents
and marketable
securities (5) $ 1,857 $ 1,861 $ 1,726 $ 1,857 $ 1,726
Adjusted free cash flow
(6) $ 131 $ 143 $ 91 $ 428 $ 344
Total assets $ 5,236 $ 5,224 $ 4,595 $ 5,236 $ 4,595
Long-term debt and
capital lease
obligations, including
current portion $ 2,060 $ 2,199 $ 2,188 $ 2,060 $ 2,188
Headcount 12,019 11,599 11,021 12,019 11,021

—————————————————————————-

See footnotes on the next page

(1) Computing Solutions segment includes microprocessors, chipsets and embedded processors.

(2) Graphics segment includes graphics, video and multimedia products developed for use in desktop and notebook computers, including home media PCs, professional workstations and servers and also includes revenue received in connection with the development and sale of game console systems that incorporate the Company’s graphics technology.

(3) All Other category includes certain operating expenses and credits that are not allocated to the operating segments. Also included in this category are amortization of acquired intangible assets and restructuring charges. It also includes the results of the Handheld business unit because the operating results of this business unit were not material.

(4) AMD reconciliation of GAAP operating income to Adjusted EBITDA*

Quarter Ended Nine Months Ended
—————————– ——————
Oct. 1, Jul. 2, Sep. 25, Oct. 1, Sep. 25,
2011 2011 2010 2011 2010
——— ——— ——— ——— ——–
GAAP operating income $ 138 $ 105 $ 128 $ 297 $ 435
Payments to
GLOBALFOUNDRIES – – – 24 –
Legal settlement – – – 5 –
Depreciation and
amortization 71 71 79 221 244
Employee stock-based
compensation expense 22 20 22 69 65
Amortization of
acquired intangible
assets 8 9 16 26 50
Restructuring reversals – – – – (4)
——— ——— ——— ——— ——–
Adjusted EBITDA $ 239 $ 205 $ 245 $ 642 $ 790
========= ========= ========= ========= ========

(5) Cash, cash equivalents and marketable securities also include the long-term portion of marketable securities of $50 million.

(6) Non-GAAP adjusted free cash flow reconciliation**

Quarter Ended Nine Months Ended
—————————- ——————
Oct. 1, Jul. 2, Sep. 25, Oct. 1, Sep. 25,
2011 2011 2010 2011 2010
——– ——– ——– ——– ——–
GAAP net cash provided by
(used in) operating
activities $ 189 $ 174 $ (124) $ 195 $ (199)
Non-GAAP adjustment – 36 246 396 653
——– ——– ——– ——– ——–
Non-GAAP net cash
provided by operating
activities 189 210 122 591 454
Purchases of property,
plant and equipment (58) (67) (31) (163) (110)
——– ——– ——– ——– ——–
Non-GAAP adjusted free
cash flow $ 131 $ 143 $ 91 $ 428 $ 344
======== ======== ======== ======== ========

* The Company presents “Adjusted EBITDA” as a supplemental measure of its performance. Adjusted EBITDA for the Company is determined by adjusting operating income (loss) for depreciation and amortization, employee stock-based compensation expense and amortization of acquired intangible assets. In addition, for the nine months ended October 1, 2011, the Company also included an adjustment related to a payment to GF and adjustments related to a legal settlement with a third party, and for the nine months ended September 25, 2010, the Company included an adjustment for certain restructuring reversals. The Company calculates and communicates Adjusted EBITDA in the financial schedules because the Company’s management believes it is of importance to investors and lenders in relation to its overall capital structure and its ability to borrow additional funds. In addition, the Company presents Adjusted EBITDA because it believes this measure assists investors in comparing its performance across reporting periods on a consistent basis by excluding items that the Company does not believe are indicative of its core operating performance. The Company’s calculation of Adjusted EBITDA may or may not be consistent with the calculation of this measure by other companies in the same industry. Investors should not view Adjusted EBITDA as an alternative to the GAAP operating measure of operating income (loss) or GAAP liquidity measures of cash flows from operating, investing and financing activities. In addition, Adjusted EBITDA does not take into account changes in certain assets and liabilities as well as interest and income taxes that can affect cash flows.

** Starting in the first quarter of 2010, the Company also presents non-GAAP adjusted free cash flow in the earnings release as a supplemental measure of its performance. In 2008 and 2009, the Company and certain of its subsidiaries (collectively, the “AMD Parties”) entered into supplier agreements with IBM Credit LLC and certain of its subsidiaries (collectively, the “IBM Parties”). Pursuant to these supplier agreements, the AMD Parties sold to the IBM Parties invoices of selected distributor customers. Because the Company does not recognize revenue until its distributors sell its products to their customers, under GAAP, the Company classified funds received from the IBM Parties as debt on the balance sheet. Moreover, for cash flow purposes, these funds were classified as cash flows from financing activities. When a distributor paid the applicable IBM Party, the Company reduced the distributor’s accounts receivable and the corresponding debt resulting in a non-cash accounting entry. Because the Company did not receive the cash from the distributor to reduce the accounts receivable, the distributor’s payment was never reflected in the Company’s cash flows from operating activities. Non-GAAP adjusted free cash flow for the Company was determined by adding the distributors’ payments to the IBM Parties to GAAP net cash provided by (used in) operating activities. This amount was then further adjusted by subtracting capital expenditures. Generally, under GAAP, the reduction in accounts receivable is assumed to be a source of operating cash flows. Therefore, the Company believes that treating the payments from its distributor customers to the IBM Parties as if the Company actually received the cash from the distributor and then used that cash to pay down the debt is more reflective of the economic substance of the transaction. On February 11, 2011, the Company terminated its supplier agreements with IBM Parties. As a result, during the third quarter of 2011, there were no outstanding invoices related to the financing arrangement with the IBM Parties, and the Company did not make any adjustments for distributor payments to the IBM Parties to its GAAP net cash provided by (used in) operating activities when calculating non-GAAP adjusted free cash flow. The Company calculates and communicates non-GAAP adjusted free cash flow in the financial schedules because the Company’s management believes it is of importance to investors to understand the nature of these cash flows. The Company’s calculation of non-GAAP adjusted free cash flow may or may not be consistent with the calculation of this measure by other companies in the same industry. Investors should not view non-GAAP adjusted free cash flow as an alternative to GAAP liquidity measures of cash flows from operating or financing activities. The Company has provided reconciliations within the press release and financial schedules of these non-GAAP financial measures to the most directly comparable GAAP financial measures.[/toggle]

October 28, 2011
Intel beat their own record of earnings : $3.7 billion net income (PR)

Intel has just posted results for the quarter, and this year they snagged a total revenue of US $ 14.3 billion — up $3.2 billion, or 29 percent year-over-year. Their total net income lies in at US $ 3.7 Billion. Is this what happens when almost any new invention utilizes your chips?

[toggle title_open=”Press Release” title_closed=”Press Release” hide=”yes” border=”yes” style=”default” excerpt_length=”0″ read_more_text=”Read More” read_less_text=”Read Less” include_excerpt_html=”no”]Intel Reports Record Revenue and Profit

$3.1 Billion Year-Over-Year Revenue Increase Fueled by Double-Digit PC Unit Growth and Data Center Strength

Buyback Authorization Increased by $10 Billion

Non-GAAP Results

Revenue: A record $14.3 billion, up $3.2 billion, 29 percent year-over-year
Gross margin: 64.4 percent, down 1.7 percentage points year-over-year
Operating income: A record $5.1 billion, up $895 million, 22 percent year-over-year
Net income: A record $3.7 billion, up $705 million, 24 percent year-over-year
EPS: A record 69 cents, up 17 cents, 33 percent year-over-year

GAAP Results

Revenue: A record $14.2 billion, up $3.1 billion, 28 percent year-over-year
Gross margin: 63.4 percent, down 2.6 percentage points year-over-year
Operating income: A record $4.8 billion, up $649 million, 16 percent year-over-year
Net income: A record $3.5 billion, up $513 million, 17 percent year-over-year
EPS: A record 65 cents, up 13 cents, 25 percent year-over-year

SANTA CLARA, Calif., Oct. 18, 2011 – Intel Corporation today reported third-quarter results, setting new records for microprocessor units shipped, EPS, earnings and revenue, which was up 28 percent year-over-year.

“Intel delivered record-setting results again in Q3, surpassing $14 billion in revenue for the first time, driven largely by double-digit unit growth in notebook PCs,” said Paul Otellini, Intel president and CEO. “We also saw continued strength in the data center fueled by the ongoing growth of mobile and cloud computing.”

On a Non-GAAP basis, revenue was $14.3 billion, operating income was $5.1 billion, net income was $3.7 billion and EPS was 69 cents. On a GAAP basis, the company reported third-quarter revenue of $14.2 billion, operating income of $4.8 billion, net income of $3.5 billion and EPS of 65 cents.

The company generated approximately $6.3 billion in cash from operations, paid cash dividends of $1.1 billion, and used $4.0 billion to repurchase 186 million shares of common stock. Intel’s board of directors also voted to increase the company’s buyback authorization by $10.0 billion, raising the total unused balance to $14.2 billion at the end of the third quarter. The company also completed a senior notes offering of $5.0 billion primarily for the purpose of repurchasing stock.

Q3 2011 Key Financial Information (GAAP)

Business unit trends:

PC Client Group revenue of $9.4 billion, up 22 percent year-over-year.

Data Center Group revenue of $2.5 billion, up 15 percent year-over-year.

Other Intel® architecture group revenue up 68 percent year-over-year.

Intel® Atom™ microprocessor and chipset revenue of $269 million, down 32 percent year-over-year.

McAfee Inc. and Intel Mobile Communications contributed revenue of $1.1 billion.

The platform average selling price (ASP) was up year-over-year and flat sequentially.

Gross margin was 63.4 percent, 0.6 percent below the midpoint of the company’s expectation.

R&D plus MG&A spending was $4.2 billion, slightly below the company’s expectation.

Net gain of $107 million from equity investments and interest and other, consistent with the company’s expectations of approximately $100 million.

The effective tax rate was 29 percent, above the company’s expectation of approximately 28 percent.

The company used $4.0 billion to repurchase 186 million shares of common stock.

Business Outlook

Intel’s Business Outlook does not include the potential impact of any mergers, acquisitions, divestitures or other business combinations that may be completed after Oct. 18.

Q4 2011 (GAAP, unless otherwise stated)

Revenue: $14.7 billion, plus or minus $500 million, on both a GAAP and Non-GAAP basis.

Gross margin percentage: 65 percent, plus or minus a couple percentage points.

Non-GAAP gross margin percentage: 66 percent plus or minus a couple percentage points, excluding certain accounting impacts and expenses related to acquisitions.

R&D plus MG&A spending: approximately $4.3 billion.

Amortization of acquisition-related intangibles: approximately $75 million.

Impact of equity investments and interest and other: a net loss of approximately $30 million.

Depreciation: approximately $1.4 billion.
Tax Rate: approximately 28 percent.

Full-year capital spending: $10.5 billion, plus or minus $300 million.

2011 will have 53 weeks of business versus the typical 52 weeks.

For additional information regarding Intel’s results and Business Outlook, please see the CFO commentary at: www.intc.com/results.cfm.

Status of Business Outlook

Intel’s Business Outlook is posted on intc.com and may be reiterated in public or private meetings with investors and others. The Business Outlook will be effective through the close of business Dec. 16 unless earlier updated; except that the Business Outlook for amortization of acquisition-related intangibles, impact of equity investments and interest and other, and tax rate, will be effective only through the close of business on Oct. 25. Intel’s Quiet Period will start from the close of business on Dec. 16 until publication of the company’s fourth-quarter earnings release, scheduled for Jan. 19, 2012. During the Quiet Period, all of the Business Outlook and other forward-looking statements disclosed in the company’s news releases and filings with the SEC should be considered as historical, speaking as of prior to the Quiet Period only, and not subject to an update by the company.

Risk Factors

The above statements and any others in this document that refer to plans and expectations for the fourth quarter, the year and the future are forward-looking statements that involve a number of risks and uncertainties. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “may,” “will,” “should” and their variations identify forward-looking statements. Statements that refer to or are based on projections, uncertain events or assumptions also identify forward-looking statements. Many factors could affect Intel’s actual results, and variances from Intel’s current expectations regarding such factors could cause actual results to differ materially from those expressed in these forward-looking statements. Intel presently considers the following to be the important factors that could cause actual results to differ materially from the company’s expectations.

Demand could be different from Intel’s expectations due to factors including changes in business and economic conditions, including supply constraints and other disruptions affecting customers; customer acceptance of Intel’s and competitors’ products; changes in customer order patterns including order cancellations; and changes in the level of inventory at customers. Uncertainty in global economic and financial conditions poses a risk that consumers and businesses may defer purchases in response to negative financial events, which could negatively affect product demand and other related matters.

Intel operates in intensely competitive industries that are characterized by a high percentage of costs that are fixed or difficult to reduce in the short term and product demand that is highly variable and difficult to forecast. Revenue and the gross margin percentage are affected by the timing of Intel product introductions and the demand for and market acceptance of Intel’s products; actions taken by Intel’s competitors, including product offerings and introductions, marketing programs and pricing pressures and Intel’s response to such actions; and Intel’s ability to respond quickly to technological developments and to incorporate new features into its products.

Intel is in the process of transitioning to its next generation of products on 22nm process technology, and there could be execution and timing issues associated with these changes, including products defects and errata and lower than anticipated manufacturing yields.

The gross margin percentage could vary significantly from expectations based on capacity utilization; variations in inventory valuation, including variations related to the timing of qualifying products for sale; changes in revenue levels; product mix and pricing; the timing and execution of the manufacturing ramp and associated costs; start-up costs; excess or obsolete inventory; changes in unit costs; defects or disruptions in the supply of materials or resources; product manufacturing quality/yields; and impairments of long-lived assets, including manufacturing, assembly/test and intangible assets.

Expenses, particularly certain marketing and compensation expenses, as well as restructuring and asset impairment charges, vary depending on the level of demand for Intel’s products and the level of revenue and profits.

The tax rate expectation is based on current tax law and current expected income. The tax rate may be affected by the jurisdictions in which profits are determined to be earned and taxed; changes in the estimates of credits, benefits and deductions; the resolution of issues arising from tax audits with various tax authorities, including payment of interest and penalties; and the ability to realize deferred tax assets.

Gains or losses from equity securities and interest and other could vary from expectations depending on gains or losses on the sale, exchange, change in the fair value or impairments of debt and equity investments; interest rates; cash balances; and changes in fair value of derivative instruments.

The majority of Intel’s non-marketable equity investment portfolio balance is concentrated in companies in the flash memory market segment, and declines in this market segment or changes in management’s plans with respect to Intel’s investments in this market segment could result in significant impairment charges, impacting restructuring charges as well as gains/losses on equity investments and interest and other.

Intel’s results could be affected by adverse economic, social, political and physical/infrastructure conditions in countries where Intel, its customers or its suppliers operate, including military conflict and other security risks, natural disasters, infrastructure disruptions, health concerns and fluctuations in currency exchange rates.

Intel’s results could be affected by the timing of closing of acquisitions and divestitures.
Intel’s results could be affected by adverse effects associated with product defects and errata (deviations from published specifications), and by litigation or regulatory matters involving intellectual property, stockholder, consumer, antitrust and other issues, such as the litigation and regulatory matters described in Intel’s SEC reports. An unfavorable ruling could include monetary damages or an injunction prohibiting us from manufacturing or selling one or more products, precluding particular business practices, impacting Intel’s ability to design its products, or requiring other remedies such as compulsory licensing of intellectual property.[/toggle]

October 20, 2011
Sony to Double VAIO Sales in 2011 (PR)
Sony plans to double its VAIO laptop sales this year. With over 62 models in 4 different series, the company may just achieve its targets. Read the Press Release to find out how.

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Sony India today announced its strategy to double VAIO sales in India by selling 5 lakh laptop units in FY11. VAIO is already the fastest growing laptop brand in India (according to IDC report 2010) with more than 100% growth and the new product line-up will ensure that it becomes even more closer to the Indian audience. VAIO S, C, E & Y series are tailor-made to suit the diverse lifestyle of the customers, so there is a laptop for everyone, be it a business executive, style conscious youth, students or even PC beginners.

Mr. Masaru Tamagawa, Managing Director, Sony India, said, “VAIO contributes 20% to the total sales revenue of Sony India and hence a very important part of our business. This year, our objective is to ensure that we offer a VAIO to meet the lifestyle requirements of every customer. We have an exciting product line-up of 62 models, a robust distribution network of 1500 outlets and heavy marketing investment of Rs. 50 crore to reach our business target of 5 lakh units in FY11. Talking about the new brand campaign, he said, “‘More Colour.More Style’ campaign is all about making a lifestyle statement and with Ms. Kareena Kapoor as the face of this campaign, we hope it will resonate well with our customers.”

Sony offers an extensive VAIO line-up that is aimed at different consumer segments with varied lifestyle requirements ranging from business class to college goers to even casual PC users. The price, features and the captivating colours compliments the product ensemble and lends unique beauty to the product offering. Details for each series are as follows:
- VAIO S: VAIO S is a perfectly balanced mobile PC with a premium design. Its slim and full-flat body allows you to carry it wherever you go. The long battery life makes it perfect for that business meeting and outdoor use. Available in 5 captivating colours, it is available at a price range of Rs. 47,990 to Rs.1,29,900.
- VAIO C: VAIO C is inspired by high fashion. It is made up of light-emitting material which adds to the visual impact of the vivid colour, rendering it an absolutely unique look. The Full HD screen and high-performance graphics makes playing games and watching movies a totally delightful experience. Available in 6 vibrant hues, it is priced from Rs. 54,990 to Rs. 69,990
- VAIO E: VAIO E, optimized for daily use, perfectly meets daily task demands such as checking emails, web browsing, listening to music, or organizing photos. With a wide selection of processors and colours, it fits right into a variety of usage scenes and styles. Featuring a unique truss pattern, it is targeted towards students and young working professionals. Available in 4 colours, it starts at a price of Rs. 27,990.
- VAIO Y: The key attraction of this series is the basic versatility of the product, that suits anyone and everyone making it a perfect gadget for casual users and beginners. Available in 4 colours, it starts at Rs. 24,990, making it extremely easy on the pocket.
The total product line-up, having 62 models, is available in 16 captivating colours to ensure that customers across a variety of segments have a personalized notebook that matches their idea of style.

To ensure that this comprehensive product line-up reaches the masses across India, Sony has a very aggressive expansion plan in place. The distribution network would see an increase of about 700 outlets, raising the count to 1500 in FY11 from 800 in the previous year. The company would also open 30 exclusive VAIO Flagship stores in FY11 taking the total number to 50 as a dedicated VAIO channel.

Sony will launch ‘More Colours.More Style’ VAIO brand campaign featuring its popular Brand Ambassador, Ms. Kareena Kapoor. Thrilled about the new campaign, Kareena Kapoor said, “I am very glad to be associated yet again with Sony VAIO for the ‘More Colour. More Style’ campaign. VAIO is different, vibrant and ultra stylish and makes for a perfect lifestyle statement, and this message is reinforced in the new brand campaign. The essence of this campaign is ‘Uniqueness’, so there is VAIO to suit every style and speak every mood.”

The brand campaign would be supported with extensive Above-the-line and Below-the-line activities, including print and television commercial, Web, PR, cinema and shop-front, for which the company has lined up an investment of Rs. 50 crore.

Sony has a very favorable record of Kareena led VAIO campaigns. VAIO sales doubled during the VAIO X ‘Size Zero’ campaign & VAIO E ‘Go Vivid’ campaign which were launched in Nov-Dec 2009 & July-Aug 2010 respectively.

Business facts summary:
- In FY10, Sony sold 2.5 lakh notebooks which is expected to go up to 5 lakh notebooks by FY11. The consumer notebook market in India stood at 17 lakhs units in FY10 and is expected to increase to 25 lakhs units by FY11
- For VAIO category, Sony has earmarked a budget of Rs. 50 crore towards marketing activities in FY11. Out of this, Rs. 25 crore has been allocated to ‘More Colour.More Style’ campaign.
- In FY10, Sony achieved a market share of 15%, the company targets 20% share by FY11.
- Expansion of channel network to 1,500 counters by FY11 across 200 cities up from 800 sales counters in FY10. VAIO Flagship stores to increase to 50 counters by FY11, an increase of 30 counters from 20 in FY10.
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July 13, 2011
Everything you need to know about the Nokia + Windows Phone alliance.
So, Nokia has joined hands with Microsoft to develop future products, what does this mean? We have the details and will be shedding light on the insides and out of the alliance and what it does for us.

To start off, we expected Symbian to either be completely re-invented or be completely exterminated. Nokia choose the latter, they probably thought it was much easier than to invent an OS in a market that was way ahead of them. This alliance comes with the death of Symbian in a slow and steady manner. In the presentation created by Stephen Elop (ceo of Nokia) t it’s clear that Symbian which is claimed to be a “franchise” OS that Nokia will “harvest” and will be taken over by Windows Phone on Nokia devices just as soon as Nokia and Microsoft can complete the transition.

The transition as Nokia and Microsoft stated, would go on through 2011-2012, and by 2013 Nokia will be shipping only Windows Phone 7 or 8 or whatever version Microsoft throws out to the world. In simple words : Nokia will only ship Windows Phone devices 2013 onwards.

“Nokia expects 2011 and 2012 to be transition years, as the company invests to build the planned winning ecosystem with Microsoft. After the transition, Nokia targets longer-term: (1) Devices & Services net sales to grow faster than the market. (2) Devices & Services non-IFRS operating margin to be 10% or more.”

Stephen Elop says that he expects Nokia to ramp up the transition this year and be ready to ship Windows Phone 7 devices in significant volume in 2012.

With the arrival of Windows Phone to Nokia devices, there are substantial changes that will go on in Nokia’s infrastructure. When Elop was asked by a concerned Finnish reporter, “What happens to Finland,” Stephen responded that a successful Nokia is good for Finland but there will be “substantial reductions in employment” in Finland and around the world. That does mean a lot of frustrated Nokia employees, and a lot of anxiety for them. This may also be a great blow to investors or stock holders, as this may ruin Nokia’s market value on the long run.

Nokia has also been on the Qt warpath for years after purchasing the developer framework from Trolltech back in January of 2008. While Qt will continue on as the development framework for Symbian and MeeGo, Microsoft will give for free Windows Phone Developer Tools (Visual Studio 2010, Expression, Silverlight and the XNA Framework) to developers interested in the platform and exclusively developing for it. Qt will not be adapted for Windows Phone 7 APIs.

Whatever said and done, We personally believe, Nokia’s focus on hardware development will improve the outcome and toss Nokia back up on the anticipated phones / devices list. Also we believe Nokia will be launching a tablet later this year. A tablet that will run a mix of operating systems and an interesting hardware speck at a price that will remain unrivaled. There are only good things to see from Nokia now (or at-least we want them).

Elop also expressed the fact that, Nokia will be allowed to alter anything in the WP7 platform, including layouts and skinning. But, Elop also mentioned that Nokia likely won’t make extensive use of this freedom to tailor Microsoft’s OS. This is a major shift for Microsoft, who forbade HTC from skinning Windows Phone 7 with Sense, the proprietary skin from HTC.

Read the Q&A below from the post announcement session.
- No specific announcement for when we’ll see the first Nokia Windows Phone. Ballmer mentioned that the engineering teams have spent a lot of time together already.
- Elop confirmed that Nokiawill not be moving to Silicon Valley or anywhere else.
- Ballmer said that the partnership is “not exclusive” but some things that Microsoft is doing with Nokia are “unique” allowing Nokia to differentiate itself in the market. Elop added that it’s important for the Windows Phone 7 ecosystem to thrive, which means that multiple vendors must succeed.
- Elop didn’t believe that Nokia could create a new ecosystem around MeeGo fast enough.
- Nokia will “substantially reduce” R&D expenditures while increasing R&D productivity moving forward.
- Nokia did consider adopting Android but decided that it “would have difficulty differentiating within that ecosystem” and the “commoditization risk was very high — prices, profits, everything being pushed down, value being moved out to Google which was concerning to us.” Microsoft presented the best option for Nokia to resume the fight in the high end smarpthone segment.
- Elop clarified that MeeGo will ship this year but “not as part of another broad smarpthone platform strategy, but as an opportunity to learn.” Something that sounds very similar to position Nokia took with its so-called “experimental” Maemo-based N900 last year. After the first (and apparently, only) MeeGo device ships this year, the MeeGo team will then “change their focus into an exploration of future platforms, future devices, future user experiences.” Trying to determine the “next disruption” in smartphones.
- Responding to “hope for a broad MeeGo-based ecosystem,” Elop said that Nokia simply wasn’t moving fast enough to effectively win and compete against Apple and Google. Windows Phone makes it a “three-horse race,” something that Elop says is pleasing to the carriers he’s been speaking with.
- Nokia has different options for its tablet strategy including using something from Microsoft or something that Nokia has developed internally.
Watch the Video of the whole event below

Click on the Next Link Below to read Press Releases
February 11, 2011