Andy Bryant Quarter Quotations

Operating results for the quarter are consistent with our outlook in July. We continue to see healthy growth worldwide in the PC market and in Intel's revenue and gross profit.

Our expectation for gross margin percentage in the third quarter is 47 percent, plus or minus a couple of points. The change from the second quarter is driven largely by lower average selling prices of microprocessors.

What you're seeing is a little bit of an economic stall, maybe in the fourth quarter and the first quarter.

Our pricing strategy is no different than what we said earlier in the quarter, ... We said early in the first quarter we're going to take back the low end. This is consistent with what we said in early January.

We said that our goal in the quarter would be to maintain, and if possible, to gain some market share,

It is a classic seasonal fourth quarter. The change is that we had judged down from a seasonal fourth quarter based on macroeconomic indicators. It turns out we didn't need to do that.

The quarter and the year are progressing in line with our expectations.

I can't tell you for sure I'm right, but based on what was happening in the first quarter and based on what we've found in the second quarter, that's what it feels like,