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Intel Reports Second-Quarter Revenue of $13.5 Billion

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#1
Intel Corporation today reported quarterly revenue of $13.5 billion, operating income of $3.8 billion, net income of $2.8 billion and EPS of $0.54. The company generated approximately $4.7 billion in cash from operations, paid dividends of $1.1 billion and used $1.1 billion to repurchase stock.

"The second quarter was highlighted by solid execution with continued strength in the data center and multiple product introductions in Ultrabooks and smartphones," said Paul Otellini, Intel president and CEO. "As we enter the third quarter, our growth will be slower than we anticipated due to a more challenging macroeconomic environment. With a rich mix of Ultrabook and Intel-based tablet and phone introductions in the second half, combined with the long-term investments we're making in our product and manufacturing areas, we are well positioned for this year and beyond."

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#2
Tax Rate: approximately 28 percent. That's madness. 1/4 of the company goes to the government and they want HIGHER tax rates. We are so screwed. If I were them I would pull a GE. Get a nice fat loan from the Feds and move my operations over seas. GE paid ZERO in taxes last year.
 
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#3
With some clever accounting that tax rate gets a lot lower than 28%.
 

baggpipes

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#4
All you Intel fanboys want them to take over the world dont you....
 
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#6
nice one intel , means more money to be spend on european wellfare
 
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#7
Even tho I don't like Intel and their practices I do appreciate their brains and balls to do business.

:toast:
 
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#8
Tax Rate: approximately 28 percent. That's madness. 1/4 of the company goes to the government and they want HIGHER tax rates. We are so screwed. If I were them I would pull a GE. Get a nice fat loan from the Feds and move my operations over seas. GE paid ZERO in taxes last year.
The GE financial adviser who thought of that got a nice fat bonus
 
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#9
Tax Rate: approximately 28 percent. That's madness. 1/4 of the company goes to the government and they want HIGHER tax rates. We are so screwed. If I were them I would pull a GE. Get a nice fat loan from the Feds and move my operations over seas. GE paid ZERO in taxes last year.
28 percent is nothing compared to the taxes in other countries :nutkick:
 
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#10
28 percent is nothing compared to the taxes in other countries :nutkick:
Yeah, its a lot less than in my country. Electronic stuff is so much cheaper in US than in here and I bet thats directly contributable to the parasite vampiric demon called the state...
 
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#11
This is company tax rate we're talking about, right?
 
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#13
Depression?, What depression?
 
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#14
Tax Rate: approximately 28 percent. That's madness. 1/4 of the company goes to the government and they want HIGHER tax rates.
That's 28% after all their deductions and write-offs. The rate sounds high, but the amount of money being taxed is a lot lower than you think.