14 April 2009

INTC: Earnings Announcement 2009-1Q

Intel Corporation (NASDAQ: INTC) earned $0.11 per share for the first quarter of fiscal 2009.  Revenue and Gross Margin were not as horrible as we feared.  The income tax rate was a measly 0.8 percent -- as a result of settlements of tax matters from prior years.

The spreadsheet below, which differs in material respects from the company-used presentation, compares the actual results to our model of Intel's earnings during the subject quarter.

We will post a thorough evaluation soon.


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