Search /
Advanced search  |  Help  |  Site map
Click for Layer 8! No, really, click NOW!
Networking for Small Business
Where's my gigabit Internet, anyway?
Americans cool with lab-grown organs, but not designer babies
IE6: Retired but not dead yet
Enterprise who? Google says little about Apps, business cloud services in Q1 report
DDoS Attackers Change Techniques To Wallop Sites
Can we talk? Internet of Things vendors face a communications 'mess'
AMD's profitability streak ends at two quarters
Michaels says breach at its stores affected nearly 3M payment cards
Exclusive: Google's Project Loon tests move to LTE band in Nevada
H-1B loophole may help California utility offshore IT jobs
How a cyber cop patrols the underworld of e-commerce
For Red Hat, it's RHEL and then…?
Will the Internet of Things Become the Internet of Broken Things?
Kill switches coming to iPhone, Android, Windows devices in 2015
Israeli start-up, working with GE, out to detect Stuxnet-like attacks
Galaxy S5 deep-dive review: Long on hype, short on delivery
Google revenue jumps 19 percent but still disappoints
Windows XP's retirement turns into major security project for Chinese firm
Teen arrested in Heartbleed attack against Canadian tax site
Still deploying 11n Wi-Fi?  You might want to think again
Collaboration 2.0: Old meets new
9 Things You Need to Know Before You Store Data in the Cloud
Can Heartbleed be used in DDoS attacks?
Secure browsers offer alternatives to Chrome, IE and Firefox
Linksys WRT1900AC Wi-Fi router: Faster than anything we've tested

Intel reports strong fourth quarter, fiscal '99 results

Today's breaking news
Send to a friendFeedback

Chip giant Intel yesterday announced good fourth quarter and fiscal 1999 results, citing strong demand for its microprocessors, chip sets, motherboards and flash memory.

Revenue for the company's fourth quarter ended Dec. 25, 1999, rose 8% on the year-ago quarter to reach $8.2 billion, Intel says. Excluding acquisition-related costs, fourth-quarter net income was $2.4 billion, a 15% increase over the same quarter in fiscal 1998. Once the quarter's acquisition-related costs - about $300 million - are factored in, Intel reported a net income of $2.1 billion, up 2% on the year-ago quarter.

In the fourth quarter of 1998, Intel bought DSP Communications, IPivot, Parity Software Development and Stanford Telecommunications' telecommunications component products division.

For 1999 as a whole, Intel reported $29.4 billion in revenue, a rise of 12% from the previous year's results and the company's thirteenth consecutive year of revenue growth. Excluding costs related to acquisitions, Intel's net income for 1999 was $8.1 billion, up 29% from $6.3 billion recorded in 1998. Adding in costs related to the company's purchases - a total of $803 million - Intel recorded net income for fiscal 1999 of $7.3 billion, a rise of 21% on $6.1 billion reported for fiscal 1998.

Over the course of last year, Intel acquired 12 companies for a total of around $6 billion as a way to advance its networking and communications operations.

Looking ahead to this year, Intel says that it expects a slight fall in revenue in the first quarter of 2000 compared to the company's fourth quarter of fiscal 1999 due to seasonal factors. The chip giant predicts that its spending on research and development will be $3.8 billion for 2000, up from $3.1 billion in 1999.

Intel is in Santa Clara and can be reached at


NWFusion offers more than 40 FREE technology-specific email newsletters in key network technology areas such as NSM, VPNs, Convergence, Security and more.
Click here to sign up!
New Event - WANs: Optimizing Your Network Now.
Hear from the experts about the innovations that are already starting to shake up the WAN world. Free Network World Technology Tour and Expo in Dallas, San Francisco, Washington DC, and New York.
Attend FREE
Your FREE Network World subscription will also include breaking news and information on wireless, storage, infrastructure, carriers and SPs, enterprise applications, videoconferencing, plus product reviews, technology insiders, management surveys and technology updates - GET IT NOW.