July Highlights

Highlights for the month of July included the announcement that Industrial Light & Magic* (ILM), a division of Lucas Digital Ltd. LLC will deploy 600 Pentium� 4 processor-based animation workstations to assist with the future of filmmaking, AUDI AG will use Intel Corporation-based servers from Fujitsu-Siemens* to optimize its car safety testing procedure, and the company has begun initial commercial shipment of Itanium� 2 processors. In addition on July 16th, the company announced second-quarter revenue of $6.3 billion, down 7 percent sequentially and approximately flat year-over-year. For a complete list of press releases from the month of July, please refer to the Press Room.

Intel Goes Inside Hollywood For A New Generation Of Filmmaking On July 22, 2002, Industrial Light & Magic* (ILM), a division of Lucas Digital Ltd. LLC, revealed its latest Intel technology deployment of 600 Pentium� 4 processor-based animation workstations. ILM is one of many studios adopting Intel technology to assist with the future of filmmaking. For the complete story click here.

Intel Reports Second-Quarter Results On July 16, 2002, Intel Corporation announced second-quarter revenue of $6.3 billion, down 7 percent sequentially and approximately flat year-over-year.

Second-quarter net income was $446 million, down 52 percent sequentially and up 128 percent year-over-year. Earnings per share were $0.07, down 50 percent sequentially and up 133 percent from $0.03 in the second quarter of 2001. The results include a $106-million charge to cost of sales related to the decision to wind down Intel� Online Services, along with a $112- million write-off of acquired intangibles, primarily related to Xircom PC cards for wireline networking. In accordance with generally accepted accounting principles (GAAP), the 2001 results reflect charges for the amortization of goodwill, which is no longer amortized in the current year with the adoption of FASB rule 142. For the complete story, click here.

Intel-Based Systems Power Audi's High-Tech Car Safety Tests On July 9, 2002, German car manufacturer AUDI AG said it will use Intel Corporation-based servers from Fujitsu-Siemens* to optimize its car safety testing procedure. Intel� Pentium� III and Intel� Pentium� 4 processor-based systems will enable Audi's crash-test simulations to be faster and more efficient. A second phase will see the introduction of an even more powerful infrastructure based on the latest Intel� Xeon� processor-based servers. The Intel-based platforms will be coupled in a clustered configuration to run applications ported from proprietary architecture and RISC-based systems. For the complete story, click here.

Intel Begins Shipping Itanium� 2 Processors July 8, 2002 - Intel Corporation today announced that it has begun initial commercial shipment of Itanium� 2 processors and that systems and software based on the new processors are expected to be available beginning this quarter. Over the next year, a broad base of original equipment manufacturers (OEMs) are expected to offer a range of server and workstation models with support from leading enterprise software and operating system vendors, the company said.

The Intel� Itanium 2 processor is the second in the Itanium processor family, a line of enterprise-class processors from Intel that brings the performance and volume economics of Intel Architecture to the most data-intensive business-critical and technical computing applications. The Itanium processor family is specifically designed for high-end enterprise and high-performance applications, providing leadership performance for business intelligence, databases, enterprise resource planning, supply chain management, high-performance computing, computer-aided engineering and secure transactions. For the complete story, click here.

Dates to remember:

• Sept 05, 2002 � Q3 2002 Mid Quarter Business Update
• Sept 09, 2002 � Fall Intel Developer Forum