Andy Bryant Quotations

What we're seeing now doesn't happen every winter, but it certainly is not out of the normal realm of occurrences. The last few winters have been fairly quiet.

We're just not seeing the demand pickup we'd like to see, and we hit a wall on some of the cost savings we were driving for.

We held market share in units in the quarter.

We've seen no signs of an economic recovery.

On margin, I'm not as close. I don't think I'm at the bottom of the range, but I also think it's noticeably not at the midpoint.

On margin, I'm not as close, ... I don't think I'm at the bottom of the range, but I also think it's noticeably not at the midpoint.

Certain industries have industry-specific requirements. Our warehouses feel comfortable to electronics suppliers.

Growth is led by mobile computing with good demand for our mobile processors in all geographies.

Four-to-8 percent is slower than you would normally expect to get out of the fourth quarter. We're being a little cautious and we're going to watch and see what develops.

From what we can tell, there's not much share gain or loss going on,

There is no good valuation model to determine the fair value of unexercised employee stock options. Including an unreliable estimate of the fair value of options in the income statement would distort earnings.

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

It appears that the Intel architecture business will return to seasonal patterns showing more strength in the second half.

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.

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.

Our response to this downturn will be similar to others in our history, ... It may sound a bit trite, but Intel has the financial strength and management conviction to continue to invest in its key products and processes through these difficult times and emerge a better, more competitive company.

Really, we only have analysis for Portland, Salem, Eugene and Astoria. We can't really do any analysis for Aurora because there aren't enough years for a true comparison.

Looking forward, however, we have yet to see the momentum of the economic recovery in our business. As a result, we will be adjusting our staffing expenses accordingly.

Looking back we are comfortable that our business has stabilized and the year-to-year declines we saw in 2001 are behind us,

Wafers have been outsourced. Now logistics is another area that is being outsourced. Logistics is a very fast growing industry. Logistics is on fire.

We are well way to meeting our 2001 target of $7.5 billion in capital spending having deployed just under two-thirds of this in the first half. The bulk of these dollars have gone to new technologies that enable us to make products at higher volumes with lower overall unit costs and higher performance.

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

We're going to be right on the edge all the way through tomorrow morning as far as getting snow down to the valley floor.

What we're trying to do is win back market segment share at the low end, and we did that in the first quarter. You'll see us continue to compete very aggressively. On the other hand, you won't see us lowering prices more than we need to to win the business.

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

We are starting a detailed review of all the businesses that have been losers with a much tougher eye than we have before.

We will still invest in technology. We will make the company more efficient.

We under-forecasted demand beginning in last year's third and fourth quarters. I don't have enough product to be as aggressive as I would like to be.

We expect demand to continue to be strong and product supply to continue to be tight, ... We're still chasing capacity at this point in time. We're seeing strong demand for flash, networking and microprocessors, and I don't see when that gets into equilibrium.

We are still somewhat constrained in the chipset product line. We think microprocessors were OK,

We are still somewhat constrained in the chipset product line, ... We think microprocessors were OK.

Competition is pretty fierce out there right now.

Don't think of Europe as having not been a good quarter. Think of it as being a little down and us having made a very aggressive forecast.

The results are consistent with the outlook (we announced) in October. Growth in emerging markets, demand for (notebook computers) and demand in manufacturing are delivering healthy growth in Intel's revenue.

There's no question that if I had more capacity I could've shipped more chipsets,

There's no question that as PC prices go down, we want to have our server products driving our margins.

The simple answer is, we anticipated third-party chip sets coming into the market quicker than they did. The chip-set imbalance we think got us, hopefully, one last time.

Sometimes it is important to have a different and original idea itself to promote something. Often times, creativity is the key for attention grabbing and instant impact.

Revenues turned the corner and were up slightly from last year, driven by significant year-to-year growth in the Intel architecture business,

Right now we're tight across everything we make, ... We can meet a seasonally strong second half, but we have not commented on if the demand is stronger than expected.

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.

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.

During the last month or so, those sea surface temperatures have been below normal, further enhancing what we have been seeing.

Demand feels pretty good right now. It's pretty simple.

April and May might start to warm some, but it could still be plenty wet. It rains here, but that's part of the reason why it's so green and beautiful. Let's get through the winter, and we can look forward to the summer months.

Avnet Logistics fills a gap in the logistics services industry. With our deep experience in the electronics industry and comprehensive supply chain visibility, Avnet Logistics combines the best of being a vertical market provider with the operational excellence and supply chain efficiencies inherent to a $13 billion Fortune 200 company.

This early progress in profitability is the result of a year-long effort and a validation of Intel's conviction that profits, not revenue, finance growth, ... Our financial strategy over the last year has been to preserve profits and protect financial health while proceeding with investments that make Intel more competitive.

A lot of people believe who spends the most money wins. I don't believe that. It's how you spend the money.

As we set those plans in place, we knew there was a pricing element, and we went to the factories and said, 'We need you to reduce expenses by hundreds of millions of dollars.' They got about 80 percent of what I asked for.

It's kind of been a nasty winter. One of those that has people talking about making plans to move away.

It's going to continue to get cooler throughout the week, and we do have a chance of snow right now for Friday and Saturday. It should be an interesting week.

It's been pouring rain for a couple of months and it's not even the first of February. We're looking at two months, February and March, that have the potential to be as crummy as we already have had.

Despite a weak economy, order patterns held until the end of the quarter, and demand was better than expected, boosting revenue and profits.

Economies worldwide are slowing more quickly than we anticipated,

No. The rainiest spot was at Laurel Peak, which is in the Cascades east of Salem. They reported 40 inches.

These third party logistics suppliers (3PLs) were born out of transportation and freight. They've moved into warehousing and now into supply chain. We are coming at it from the other end.

It's really been pretty much as if it were scripted on Jan. 15.

Snow is always an unusual thing here. It's difficult to get that combination of cold air and rain.

At this point, we're not calling a bottom in the communications silicon business. I don't know when that happens. It's just too murky to know.

The microprocessor and flash businesses are on track, while the networking silicon market is slower than we anticipated.

I'm not seeing any big break. There are no indications of any major change from what we have been seeing.

In a normal seasonal environment, we would expect higher revenue, ... Our expectations have been tempered by the weak economy, and declines in consumer confidence.

I really think that we underestimated the fact that we would have a strong seasonal fourth quarter,

Chances of snow on the valley floor are pretty limited. People on the valley floor might see some mixed precipitation.

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,

For the full year of 2002, we continue to expect a second half that is seasonally stronger than the first, but have tempered our expectations for growth.

The fourth-quarter results were in line with our December outlook and reflect the pervasive impact of a slowing worldwide economy.