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...
economic seen signs
We've seen no signs of an economic recovery.
adjusting economic expenses looking momentum recovery
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.
conviction early effort finance financial health intel last preserve profits progress protect result strategy validation year
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.
architecture corner driven growth intel last slightly turned
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,
held market share
We held market share in units in the quarter.
cost demand driving hit pickup savings seeing wall
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.
determine distort employee estimate fair good including income model options statement stock unreliable value
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.
certainly fairly few happen last normal realm seeing
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.