Intel reports Q4 revenues of $7 billion

Chip maker Intel Corp. today reported fourth-quarter revenue totalling US$7 billion, up 7 percent from its third quarter results but off by 20 percent when compared with the fourth quarter of 2000.

Net income, excluding acquisition-related costs, was $998 million, the company reported after the financial markets closed. That was up 52 percent sequentially but down by 62 percent year over year. Fourth-quarter earnings excluding acquisition costs were 15 cents per share, up 50 percent from the 10 cents per share the company reported in the third quarter but off sharply from the 38 cents per share it reported in the fourth quarter of 2000.

That represents a drop in earnings of 61 percent, the company said in a statement.

For the fiscal year just ended, Intel said revenue totalled $26.5 billion, down 21 percent from the $33.7 billion it reported in 2000. Net income, excluding acquisition-related costs, was $3.6 billion, down 70 percent from 2000. Earnings excluding the acquisition-related costs were 52 cents per share, off 70 percent from $1.73 per share in 2000.

Including acquisition-related costs, Intel said net income in 2001 was $1.3 billion, down a whopping 88 percent from $10.5 billion in 2000. For 2001, earnings per share were 19 cents, down 87 percent from $1.51 per share in 2000.

"2001 was a terrible year for our industry," said Craig R. Barrett, Intel's president and CEO. "Despite this backdrop, we introduced exciting new products, including the industry's first 2-GHz processor, gained market segment share and earned over $1 billion....

"While 2001 was difficult for Intel, I can't imagine changing places with any other company on the planet," Barrett said. "Our 2001 R&D and manufacturing investments position us to grow faster than the industry when the high-tech recovery occurs."

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Ken Mingis

PC World
Show Comments

Cool Tech

Toys for Boys

Family Friendly

Stocking Stuffer

SmartLens - Clip on Phone Camera Lens Set of 3

Learn more >

Christmas Gift Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?