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Home > Fortune 500 Companies > Intel Corp.
Intel Corp.
Intel Corp is a publicly traded company having a good stock performance result. Intel Corp is a fortune 500 stock listed company trading under INTC.
Intel Corporation has developed technology enabling the computer and Internet revolution that has changed the world. Intel Corp was founded in 1968 to build semiconductor memory products. The company introduced the world's first microprocessor in 1971. Today, Intel the world's largest chip maker is also a leading manufacturer of computer, networking, and communications products.
Intel Corporation today announced fourth quarter revenue of 10.2 billion dollars, operating income of 3.3 billion dollars, net income of 2.5 billion dollars and earnings per share of 40 cents. Revenue was below the company’s updated expectation of 10.4 billion dollar to 10.6 billion dollar primarily due to lower than expected desktop processor unit shipments and prices.
Intel achieved record revenue of 38.8 billion dollars, record operating income of 12.1 billion dollars, and net income of 8.7 billion dollars and EPS of 1.40 dollars. The company paid record cash dividends of nearly 2 billion dollar and used a record 10.6 billion dollar to repurchase 418.4 million shares of common stock.
Fourth quarter gross margin was 61.8 percent, slightly below the company’s updated expectation of 63 percent, plus or minus a point, primarily due to lower than expected revenue, a slight shift in the overall product mix to non–microprocessor products, and some inventory valuation adjustments to reflect lower unit costs. The effective tax rate of 29.1 percent was below the expected rate of 31 percent primarily due to tax benefits for export sales and estimated Research & Development tax credits.
Intel Corporation’s board of directors has declared 0.10 dollars per share quarterly dividend on the company’s common stock. The dividend is payable on June 1, 2006 to stockholders of record on May 7, 2006.
Intel, the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live.
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