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Intel
Beginning of paper
Results of operations. broke a record in net revenues in 1995, for the
ninth consecutive year, rising by 41% from 1994 to 1995 and by 31% from 1993 to
1994. Higher volumes of the rapidly raising Pentium microprocessor family,
partially offset by lower prices, and increased sales of related board-level
products were responsible for most .... Middle of paper
.... with unusually high reserves related to inventories of
certain purchased components. Gross margin for the fourth quarter of 1994
included the impact of a $475 million charge, primarily to cost of sales, to
cover replacement costs, replacement material and an inventory record related to
a divide problem in the floating point unit of the Pentium microprocessor. As a
result of the above factors, the gross margin percentage was 52% in 1995 and
1 ....
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Number of words: 1667
Number of pages: 7 (approx. 250 words per double-spaced page)
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