UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section
13 OR 15(d)
of The Securities
Exchange Act of 1934
Date
of Report: April 13, 2010
(Date
of earliest event reported)
INTEL
CORPORATION
(Exact name of
registrant as specified in its charter)
|
Delaware |
000-06217 |
94-1672743 |
|
(State or other jurisdiction |
(Commission |
(IRS Employer |
|
2200 Mission College Blvd., Santa Clara, California |
95054-1549 |
|
(Address of principal executive offices) |
(Zip Code) |
|
(408) 765-8080 |
|
(Registrant's telephone number, including area code) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4c))
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Item 2.02 |
RESULTS OF OPERATIONS AND FINANCIAL CONDITION |
|
|
Attached hereto as Exhibit 99.1 and
incorporated by reference herein is financial information for
Intel Corporation for the quarter ended March 27, 2010 and
forward-looking statements relating to 2010 and the second quarter
of 2010 as presented in a press release of April 13, 2010. The
information in this report shall not be treated as filed for
purposes of the Securities Exchange Act of 1934, as amended.
In addition to disclosing financial
results calculated in accordance with United States (U.S.)
generally accepted accounting principles (GAAP), this earnings
release contains non-GAAP financial measures that exclude the
charge incurred in the fourth quarter of 2009 as a result of a
settlement agreement with Advanced Micro Devices, Inc. (AMD) in
the amount of $1.25 billion. These non-GAAP measures also exclude
the associated impacts of the AMD settlement on our tax provision.
Management uses operating income,
net income, and earnings per share excluding the AMD settlement
and related tax impacts to conduct and evaluate results of the
business. We believe that analyzing the trends of the underlying
business is aided by the removal of the charge due to the
significant impact it has on comparability. Specifically
management excludes this charge for purposes of period to period
comparisons in our budget, planning and evaluation processes, and
the charge was excluded from the calculation of annual incentive
payments for employees and, partially eliminated from the
calculation of annual incentive payments for executives. The
company discloses this non-GAAP information to enable investors
who wish to more easily assess the company’s performance on the
same basis applied by management and to ease comparison on both a
GAAP and non-GAAP basis to our current period results. The non-GAAP financial measures disclosed by the company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations from these results should be carefully evaluated. In addition, these non-GAAP measures do not exclude other income and expenses which may not be part of our ongoing expectations of the business. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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INTEL CORPORATION |
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(Registrant) |
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Date: April 13, 2010 |
By: |
/s/ Cary I. Klafter |
|
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Cary I. Klafter |
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|
Corporate Secretary |
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