Newsgroup: it.comp.hardware.cpu
Titolo: Risultati finanziari di AMD e Intel Q4 2002 ed intero anno

AMD Reports Fourth Quarter and Annual Results
- AMD increases sales by 35 percent and narrows operating loss from ongoing
operations by approximately $100 million -
- Sees record unit consumption of AMD PC processors -
SUNNYVALE, CA -- January 16, 2003 --AMD (NYSE:AMD) today reported sales of
$686,430,000 and a net loss of $854,740,000 for the quarter ended December
29, 2002. The net loss amounted to $2.49 per share. Excluding the effects of
restructuring and other charges1 to show the company's results from ongoing
operations, the fourth quarter net loss was $235,145,000, or $0.68 per
share.
Fourth quarter sales declined by 28 percent from the fourth quarter of 2001
and increased by 35 percent from the third quarter of 2002. In the fourth
quarter of 2001, AMD reported sales of $951,873,000 and a net loss of
$15,842,000, or $0.05 per share.
In the third quarter of 2002, AMD reported sales of $508,227,000 and a net
loss of $254,171,000, or $0.74 per share.
For the full year ended December 29, 2002, sales declined by 31 percent from
2001. AMD reported sales of $2,697,029,000 and a net loss of $1,303,012,000,
or $3.81 per share. AMD reported sales in 2001 of $3,891,754,000 and a net
loss of $60,581,000, or $0.18 per share.
Excluding the effects of one-time charges1 in 2002 and 2001, the company
recorded a net loss from ongoing operations of $683,417,000 or $2.00 per
share in 2002, and net income of $28,924,000 or $0.09 per share in 2001. The
fourth quarter 2002 operating loss, excluding one-time charges, was
$217,370,000, down approximately $100 million or 31 percent, from the third
quarter operating loss of $315,084,000. The fourth quarter 2001 operating
loss was $18,059,000.
In the fourth quarter of 2002 the Company recorded one-time charges totaling
$620 million, equivalent to $1.81 per share. These fourth quarter charges
included:
  a.. Restructuring and other special charges of $331 million primarily
relating to severance for staff reductions, the consolidation of facilities
and asset impairments.
  b.. Other charges of $46 million primarily relating to a one-time research
and development expense in connection with product development services
received in the fourth quarter.
  c.. Income tax expense charge of $243 million to establish a 100%
valuation allowance against net deferred tax assets.
"As projected, we saw increased PC processor and Flash memory sales in the
fourth quarter," said Robert J. Rivet, AMD's chief financial officer. "We
executed on our plan to align AMD PC processor inventory in the supply
chain.
"We had record PC processor unit consumption (OEM billings, plus OEM net
inventory change, plus net distributor resales) in the fourth quarter.
"We bolstered our capital structure by securing approximately $400 million
in proceeds from a successful convertible offering, ending the year with
more than $1 billion in cash.
"In addition, we renegotiated our long-term debt associated with our Dresden
fabrication facility and, as a result, reduced our 2003 cash requirements by
$200 million."
BUSINESS OVERVIEW
PC processor sales of $420 million for the quarter increased by 60 percent
from the $262 million reported in the third quarter of 2002. This increase
was driven by an increase in both processor units and ASPs.
AMD's fourth quarter PC processor sales reflect a richer mix of product
offerings supported by new AMD AthlonT XP 2400+, 2600+, 2700+ and 2800+
desktop products. AMD increased its penetration in the mobile market with
record unit sales in the fourth quarter, and introduced the mobile AMD
Athlon XP processor 2200+. In addition, AMD aligned PC processor inventory
in the supply chain resulting in record unit consumption of AMD PC
processors.
AMD expects to continue to improve its position in the market with the
February introduction of the AMD Athlon XP desktop processors based on the
"Barton" core and the April introduction of the AMD OpteronT processors for
servers and workstations. With the transition of all PC processor wafer
production to 130nm technology complete, in 2003 the company will be
focusing on qualifying 90nm technology. AMD plans to complete the
qualification and start production of 90nm technology in the fourth quarter
of this year.
AMD memory sales of $217 million were up 15 percent from the $189 million in
the third quarter of 2002. Based on AMD's increased penetration in the
mobile phone market, AMD Flash memory sales grew and bit shipments were a
record for the third quarter in a row. The company commenced production of
130nm Flash memory in Fab 25 in Austin and JV3 in Aizu-Wakamatsu, Japan.
Intel Reports Fourth-Quarter And Annual Results
Fourth-Quarter Earnings Per Share $0.16
SANTA CLARA, Calif., Jan. 14, 2003 - Intel Corporation today announced
fourth-quarter revenue of $7.2 billion, up 10 percent sequentially and up 3
percent year-over-year.
Fourth-quarter net income was $1.0 billion, up 53 percent sequentially and
up 108 percent year-over-year. Earnings per share were $0.16, up 60 percent
sequentially and up 129 percent from $0.07 in the fourth quarter of 2001.
Fourth-quarter net income excluding acquisition-related costs1 of
approximately $106 million was $1.1 billion, up 37 percent sequentially and
up 6 percent year-over-year. Earnings excluding acquisition-related costs
were $0.16 per share, up 45 percent sequentially and up 7 percent from $0.15
in the fourth quarter of 2001.
"2002 ended with a strong quarter," said Craig R. Barrett, Intel chief
executive officer. "By successfully executing our strategies, it appears we
have increased our market segment share in microprocessors, chipsets,
graphics, motherboards, flash, PDA microprocessors and LAN-on-motherboard
gigabit Ethernet connections.
"In 2003, we will continue to deploy advanced technology, further our
silicon leadership, deliver industry-leading products, and improve our
competitiveness and cost structure so we can continue to outperform now and
when the economic picture improves."
The fourth-quarter 2002 results included a tax benefit of approximately $75
million related to small divestitures that closed during the quarter. The
fourth-quarter 2001 results reflected charges for the amortization of
goodwill, which is no longer amortized under generally accepted accounting
principles (GAAP) with the adoption of FASB rule 142 at the beginning of
2002.
Intel will discontinue reporting earnings excluding acquisition-related
costs beginning with its first-quarter 2003 earnings announcement. The
goodwill provisions of FASB rule 142 have resulted in a substantial
reduction in the difference between the company's earnings on a GAAP basis
and its earnings excluding acquisition-related costs. Intel reported
earnings excluding acquisition-related costs during 2002 to provide
supplemental information on performance and a consistent basis for financial
comparisons.
Full-Year Results
Revenue for 2002 was $26.8 billion, up 1 percent from $26.5 billion in 2001.
Net income was $3.1 billion, up 141 percent from $1.3 billion in 2001.
Earnings per share were $0.46, up 142 percent from $0.19 in 2001. The 2001
results reflect charges for the amortization of goodwill.
Net income for 2002 excluding acquisition-related costs was $3.5 billion,
down 4 percent from $3.6 billion in 2001. Earnings excluding
acquisition-related costs were $0.51 per share, down 2 percent from $0.52 in
2001.
      INTEL CORPORATION
      CONSOLIDATED SUMMARY INCOME STATEMENT DATA
      (In millions, except per share amounts)
            Three Months Ended   Twelve Months Ended
          Dec. 28,   Dec. 29,   Dec. 28,   Dec. 29,
          2002
--------------------------------------------------------------------------
       2001
--------------------------------------------------------------------------
       2002
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       2001
--------------------------------------------------------------------------
      NET REVENUE $7,160
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       $6,983
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       $26,764
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       $26,539
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      Cost of sales   3,464   3,402   13,446   13,487
      Research and
        development   1,022   952   4,034   3,796
      Marketing, general
        and administrative   1,104   1,071   4,334   4,464
      Amortization of
        goodwill    -   405   -   1,710
      Amortization and impairment
        of acquisition-related
        intangibles and costs   106   145   548   628
      Purchased in-process
        research and
        development   -
--------------------------------------------------------------------------
       -
--------------------------------------------------------------------------
       20
--------------------------------------------------------------------------
       198
--------------------------------------------------------------------------
      Operating costs and
        expenses   5,696
--------------------------------------------------------------------------
       5,975
--------------------------------------------------------------------------
       22,382
--------------------------------------------------------------------------
       24,283
--------------------------------------------------------------------------
      OPERATING
        INCOME   1,464   1,008   4,382   2,256
      Losses on equity
        securities, net   (171)   (287)   (372)   (466)
      Interest and other, net     54
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       73
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       194
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       393
--------------------------------------------------------------------------
      INCOME BEFORE
        TAXES   1,347   794   4,204   2,183
      Income taxes                          298
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       290
--------------------------------------------------------------------------
       1,087
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       892
--------------------------------------------------------------------------
      NET INCOME                          $ 1,049
--------------------------------------------------------------------------
       $   504
--------------------------------------------------------------------------
       $3,117
--------------------------------------------------------------------------
       $1,291
--------------------------------------------------------------------------
      BASIC EARNINGS
         PER SHARE              $  0.16
--------------------------------------------------------------------------
       $  0.08
--------------------------------------------------------------------------
       $  0.47
--------------------------------------------------------------------------
       $ 0.19
--------------------------------------------------------------------------
      DILUTED EARNINGS
         PER SHARE              $  0.16
--------------------------------------------------------------------------
       $  0.07
--------------------------------------------------------------------------
       $  0.46
--------------------------------------------------------------------------
       $ 0.19
--------------------------------------------------------------------------
      COMMON SHARES
        OUTSTANDING   6,598   6,698   6,651   6,716
      COMMON SHARES
        ASSUMING
        DILUTION   6,660   6,851   6,759   6,879

        and administrative   1,104   1,071   4,334   4,464
bello il mercato moderno vero? dove le societa' che lavorano nelle
tecnologie piu' avanzate al mondo spendono piu' in marketing che in
r&s...
--
    (iao!!oai)                                    (ICQ: 10860566)
    //.aurizio
[WARNING!: togliete _nessuno_ per rispondere]
    Il segreto per essere considerato un creativo sta nel non fare
    mai riconoscere le proprie fonti [A. Einstein]

 r&s...
E' brutto leggere cose del genere, ma si tratta di società a fine di lucro,
in fondo, per le quali a quanto pare è più conveniente spendere in marketing
piuttosto di una pioggia di soldi su r&s.
Come li facciano questi conti non lo so, ma sapranno loro.
Per ora mi godo un regime di sana concorrenza, e il risollevamento di AMD.
MaxArt

 r&s...
<la battuta, come avrebbe detto un tempo il mitico Lubrano, nasce spontanea>
Belli i *consumatori* moderni, vero? Dove i consumatori che si 'interessano' 
alle tecnologie più avanzate guardano più alla pubblicità, mi correggo, al 
'marketing' che alla qualità, alla r&s...