Andy Bryant
Andy Bryant
Andy Bryant is the current Chairman of the multinational semiconductor company Intel. He joined Intel in 1981 and previously served as the company's vice chairman, chief administrative officer and chief financial officer. Bryant works out of the company's offices in Hillsboro, Oregon, and lives in Portland. He also serves on the board of directors for McKesson Corp., Columbia Sportswear, and Kryptiq...
april forward green might plenty rains reason start summer warm
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.
capacity question shipped
There's no question that if I had more capacity I could've shipped more chipsets,
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Chances of snow on the valley floor are pretty limited. People on the valley floor might see some mixed precipitation.
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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.
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Revenues turned the corner and were up slightly from last year, driven by significant year-to-year growth in the Intel architecture business,
economies quickly slowing worldwide
Economies worldwide are slowing more quickly than we anticipated,
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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.
demand feels good
Demand feels pretty good right now. It's pretty simple.
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In a normal seasonal environment, we would expect higher revenue, ... Our expectations have been tempered by the weak economy, and declines in consumer confidence.
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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.
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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.
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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.
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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.
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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.