Thread: Intel News

Today Intel introduced the Intel® Xeon® processor E5-2400 v2 product family (previously codenamed Ivy Bridge-EN) to compliment the E5-2600 v2 product family launched in September with lower core counts, lower frequency and lower TDP options. The new Intel Xeon processor E5-2400 v2 product family is based on 22nm manufacturing process and includes 12 different models. It is designed to offer performance and features to address small and medium business, enterprise storage and entry to mid-range communications markets. Dylan Larson, Director of Xeon Platform Marketing, shares more details in his blog.




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Yesterday at CES, Intel and Infiniti discussed the evolution of the connected car in an increasingly digital world. Intel VP and GM of the Automotive Solutions Division Elliot Garbus highlighted Intel’s research that will make roads safer and intuitively gather more knowledge for drivers to interact with vehicles; investments through the $100 million Intel Capital Connected Car Investment Fund, and ongoing engineering efforts at the Automotive Innovation and Product Development Center in Germany. Larry Haddad, Infiniti’s Global Chief Marketing Manager of Connectivity, shared the stage with Garbus and discussed the exciting opportunities as cars connect to mobile devices and the cloud, how partnerships between technology and automotive companies will be key in driving those opportunities, and what the in-vehicle experience will look like in the future. Watch a replay of the discussion.




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Latest Intel-based Retail Technologies Blend Physical and Online Shopping Across Devices

NEWS HIGHLIGHTS

• Intel showcases new intelligent retail concepts including a full-length digital "mirror," gesture-based product customization and a solution to eliminate long lines in stores.
• Intel technology enables consumers to shop the looks from favorite television programs from their couch using a tablet or smartphone and play games to earn digital currency.
• Intel helps address the 59 percent of retailers who cite lack of consumer insights as their biggest data-related problem with Intel big data solutions.

NATIONAL RETAIL FEDERATION CONVENTION & EXPO, New York, Jan. 13, 2014 –The retail landscape is expected to change more in the next 10 years than it has in the past 50 years due largely to the explosion of the Internet of Things (IoT) and big data¹. At the National Retail Federation (NRF) Annual Convention & Expo from Jan. 13-14 in New York, Intel Corporation is showcasing new technologies that are available in market today, helping retailers make better use of big data while providing more engaging and personalized experiences for consumers who make purchases at home or in-store.

"Intel has been actively working with leading retailers and the industry for several years to enable retailers to use the Internet of Things to deliver more entertaining brand experiences while also reducing operational costs," said Joe Jensen, general manager of Intel's Retail Solutions Division. "We are taking those efforts a step further by delivering more intelligent solutions and enabling retailers to make better use of big data to deliver a more personalized shopping experience."

Delivering Engaging Experiences Anytime, Anywhere
Today's shoppers want to enjoy an engaging and seamless buying experience, regardless of where they are or what device they are using. With Intel-based Shopping Anywhere, consumers can intuitively shop the looks from their favorite television programs right from their couch. By using the Intel® Retail Client Manager, along with technology from NCR* and ACTV8.ME* loaded on a tablet or smartphone, viewers can identify the clothing an actor or actress is wearing in an episode and receive special offers, play games to earn digital currency, or purchase the outfit instantly and have it delivered directly to their door.

If a consumer prefers to bring the ease of online shopping with them in-store, the Intel® Core™ i7-based MemoryMirror* full-length, digital "mirror," allows store shoppers to virtually try on multiple outfits, and view and compare previous looks on the mirror or via smartphone or tablet. The MemoryMirror uses Intel integrated graphics technology to create avatars of the shopper wearing various clothing that can be shared with friends to solicit feedback or viewed instantly to make an immediate in-store purchase.

Technology can also deliver a more interactive experience in larger retail settings, such as the car dealership, by offering the benefits and ease of online exploring. The Intel-based Intuitive Product Customization uses the power of gesture recognition to seamlessly blend the online and in-dealership experience. With Intuitive Product Customization, consumers use hand gestures to browse and interact with digital product information, including various paint colors, interior options and add-on features to customize their car and visualize with their desired options before ordering their car.

Today's tech-savvy consumers have the option to shop whenever and wherever they want, including on mobile devices. Intel is also showing a range of tablets for in-store retail settings that enable a more proficient and knowledgeable sales force, as well as a more efficient and readily available checkout process. By using Intel-based mobile solutions, retailers can improve a range of functions for sales staff, including mobile point of sale, client service, inventory research, concierge services and management dashboards.

Using Big Data for More Personalized Shopping, Reduced Checkout
It is estimated that consumers spend almost $300,000 per minute shopping online² and 78 percent of consumers are more likely to purchase from a retailer who sends them offers relevant to their interests³. Additionally, 59 percent of retailers cite lack of consumer insights as their biggest data-related problem⁴. To help with this, Intel is working with retailers to help make better use of big data to deliver a more personalized experience across all channels of interaction with customers, while optimizing inventory management.

For example, to avoid shoppers arriving at a store to purchase a particular product only to find it's sold out, retailers can better anticipate the right product mix for each store, determine optimal pricing and gain insight into the real-time status of inventory with Intel big data solutions. With the Intel Distribution of Apache Hadoop* software and analytics toolkit, retailers can mine patterns from data, build an enhanced emotional and behavioral 360-degree understanding of the customer, and reduce instances of lost opportunities. Lost sales from out-of-stock merchandise and deep discounts on overstocked products are estimated to cost retailers $818 billion annually⁵. By ensuring that each store has the exact products that its shoppers want and need, retailers can better ensure they always have the right product available at the right time.

Another way big data can help retailers deliver a more personalized shopping experience is through context-aware marketing. Intel Context Aware Marketing makes digital signage more effective by dynamically changing advertisements displayed on a sign based on the age and gender of the person viewing the sign. When a consumer walks by an Intel® Core-based digital sign, the Intel Advertising Framework technology can analyze information including weather trends, social media, and the shopper's phone data to change the content and user interface to make it more relevant and personalized to the viewer. Intel Context Aware Marketing can also be tied to store inventory systems to display only advertisements for products currently available in-store.

Waiting in long, frustrating checkout lines could even become a thing of the past by effectively making use of big data. Intel-based Dynamic Staffing Optimization (DSO) can measure and analyze data including real-time traffic in and out of the store, queue length, the number of active and open registers, historical transaction data, and labor scheduling information to provide predictive recommendations to open or close registers based on expected customer traffic.

View the Multimedia Press Kit
(includes the full story with high resolution photos, videos, quotes, fact sheets, and more)

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.

Intel is a trademark of Intel Corporation in the United States and other countries.

* Other names and brands may be claimed as the property of others.
1 "The History of Retail in 100 Objects," The Store WPP, EMEA and Asia

2 www.360i.com/reports/big-data/

3 bigdata.sys-con.com/node/2712990

4 www.zdnet.com/five-big-data-trends-revolutionizing-retail-7000019510/


5 HL, "Inventory Distortion

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At this year’s National Retail Federation Annual Convention & Expo, Intel (booth #2738) is showcasing new technologies that help retailers make better use of big data and make the Internet of Things a reality by blending physical and online shopping experiences across a range of devices. Technologies include a full-length digital "mirror," gesture-based product customization, a solution to help eliminate long lines in stores as well as shop the looks from favorite television programs. To learn more, visit the press kit.




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New 'Intel® Cloud Technology' Program Exposes Cloud Service Capabilities for Better Customer Experience and Value

NEWS HIGHLIGHTS

• Intel unveils the "Powered by Intel® Cloud Technology" badge with 16 leading cloud service providers (CSPs), now representing more than $3.5 billion¹ in cloud services revenue expected in 2014.
• The program help users identify the underlying technology andbenefits CSPs by communicating differentiation in service offerings and informs customers how infrastructure technology can improve service performance, reliability and security and help them maximize return on investment.
• Intel® Cloud Finder online search engine is integrated into the program, allowing users to find CSPs that provide cloud services built on Intel technologies that match required criteria, with the ability to try services for free before purchase.

SANTA CLARA, Calif., Jan. 15, 2014 – To help IT organizations make better, more informed purchasing decisions and ensure optimal performance for their cloud applications, Intel Corporation is teaming with 16 leading cloud service providers (CSPs) around the world to introduce the "Intel® Cloud Technology" program. This first-of-its-kind initiative will provide cloud users with a clear view into the technology powering a CSP's infrastructure before they purchase any services or instances.

With infrastructure-as-a-service (IaaS) revenue expected to increase 41 percent annually by 2016³ and more companies considering outsourcing their IT services, the technology that powers cloud-based services and applications matters more than ever. CSPs participating in the new Intel program will be recognized by using the "Powered by Intel® Cloud Technology" badge to distinguish their Intel-based instances where the performance and security capabilities of the underlying hardware become transparent to the end user.

The Intel Cloud Technology program builds on the collaboration announced last September between Amazon Web Services* (AWS) and Intel to communicate to customers the specifications, performance, quality, and security benefits of the Intel technology used in AWS instances.

"Much like when choosing a car, the type of engine that runs a cloud service dramatically affects performance and efficiency," said Jason Waxman, vice president, Data Center Group and general manager, Cloud Platform Group, at Intel. "Cloud customers want to know what technology their applications are running on because it has direct impact to their business. For the first time, users will have the transparency to select the technologies that are optimal for running their applications in the cloud."

It has been reported that a heterogeneous cloud infrastructure environment may result in 40 to 60 percent performance variation⁴. Therefore, end users are increasingly looking for more insight into the performance, capabilities and cost trade-offs of the many instances that CSPs offer so they can get the right size and type of performance matched to their specific workloads.

"The key to unlocking flexibility, productivity and cost trade-offs when using the public cloud is choosing a quality provider with platform performance and capabilities that meet our specific needs," said Don Whittington, CIO of Florida Crystals (owner of Domino Sugar and C&H Sugar). "With our CSP Virtustream participating in Intel Cloud Technology program, we are now aware of the underlying hardware powering the services we buy and we can make better choices to ensure we have the optimal workload performance for our investment."

In addition to Virtustream (U.S.); Canopy*, an ATOS* company (U.K.); Cloud4com* (Czech Republic); CloudWatt* (France); Expedient* (U.S.); KIO Networks* (Mexico); KT* (Korea); Locaweb* (Brazil); NxtGen* (India); Online.net* (France); OVH* (France); Rackspace* (U.S.); Savvis*, a company of CenturyLink* (US); Selectel* (Russia); and UOLDIVEO* / UOL Host* (Brazil) have committed to participating in the program.

Behind the Program: When Seconds Count
Even a slight change in cloud instance performance can impact sales on e-commerce sites. For example, Shopzilla* increased its revenue by up to 12 percent by accelerating its page load times from seven to two seconds⁵. For enterprise and other IT buyers evaluating hybrid or public cloud services, CSPs participating in the Intel® Cloud Technology program will provide detailed information about available CPUs, hardware acceleration features, storage, software and network capabilities – all of which can have a have significant impact on applications, costs and experiences for end users.

CSPs will promote the users' benefits of Intel cloud technologies powering their services through multiple channels. The capabilities available today from participating CSPs aim to significantly increase performance of applications and security of end users' data and include Intel® Turbo Boost Technology, Intel® Advanced Vector Extensions (AVX), Intel® Data Protection Technology with Advanced Encryption Standard New Instructions (AES-NI), and Intel® Virtualization Technology (VT).

Additionally, Intel will drive direct marketing campaigns and participate in co-marketing activities with CSP partners in the program to educate customers about underlying technologies, their impact on applications performance, user experience and ultimately the business. Understanding service capabilities helps the cloud user make better choices, which can lead to significant cost savings.

For example, Novartis Pharmaceuticals* performed an extensive analysis of instances to find that choosing a premium high-performing one would provide the company up to 65 percent cost savings² over the lower cost, lower performing options when matching available capabilities with specific requirements of its workloads. It also allowed the company to significantly reduce the time spent on processing, creating faster turnaround of projects.

"Rackspace has customers around the world that trust us to fulfill their cloud infrastructure needs," said Rajeev Shrivastava, vice president of product marketing at Rackspace. "Our participation in the Intel Cloud Technology program strengthens our ability to deliver a broader range of hybrid cloud solutions to optimize application performance, and helps assure current and potential customers that Rackspace will run their business critical services on a cloud developed with the best available technology."

Intel® Cloud Finder Helps to Find the Right CSP for the Job
It's the Intel® Cloud Finder tool, which helps end users cut through the complexity of identifying the optimal cloud service by providing comparison guidance across more than 50 CSPs for 80 end-user requirements, will be integrated with the Intel® Cloud Technology program. A new feature will allow end users to select a "trial" option for these services. The ability to "test drive" services prior to purchase will help IT decision makers better understand the underlying technologies and ensure that the services are the right fit for their workload before purchase.

View the Multimedia Press Kit
(includes the full story with high resolution photos, videos, quotes, fact sheets, and more)

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.

Intel is a trademark of Intel Corporation in the United States and other countries.

* Other names and brands may be claimed as the property of others.

1 End of the Year Cloud Provider and Cloud Enabling Technologies report and tracker, includes Amazon Web Services collaboration announced in September.

2 The difference in costs when choosing an optimal instance for a highly-parallel workload compared to lower performing instance as shared in Novartis' Steve Litster presentation during Intel's Jason Waxman's keynote at re: Invent conference on November 2013 http://www.youtube.com/watch?v=Y04LEoIVRKY

3 Presented at the IDC Directions 2013 conference, "Cloud Decision Economics: Key Business Value Issues That

Will Influence Cloud Purchasing" presentation by Randy Perry, VP, Business Value Strategy, March 2013

4 Research paper presented at the HotCloud 2012 conference, "Exploiting Hardware Heterogeneity within the Same
Instance Type of Amazon EC2" www.usenix.org/system/files/conference/hotcloud12/hotcloud12-final40.pdf

5 2012 Cisco Whitepaper "Cloud Harmony Performance Benchmark: Select High Performing Public Cloud to Increase Economic Benefits."





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Today Intel unveiled the 'Intel® Cloud Technology' program to help display cloud service capabilities for improved customer experience and value. The program helps users identify underlying technology, benefits cloud service providers (CSPs) by communicating differentiation in service offerings and informs customers how infrastructure technology can improve service performance, reliability and security, helping them maximize return on investment. Intel also announced the Intel® Cloud Finder online search engine, which is integrated into the program to allow users to find CSPs that provide Intel technology-based cloud services matching the required criteria, offering the ability to try services for free before purchasing. Get more information, videos and animations.




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From smart earbuds, Intel® RealSense™ technology, a smart baby onesie and an SD card-sized computer to traditional devices like tablets, 2 in 1s, and all-in-ones, Intel won 9 awards at the 2014 Consumer Electronics Show (CES). In addition, its OEM partners picked up over 20 wins for products powered by 4th generation Intel® Core™ and the latest 22nm 64-bit enabled Intel® Atom™ 3000 processors. The new Intel® Edison, a tiny, ultra-power-efficient computing platform the size of an SD card, won several awards including 2014 CES Hot Stuff Awards, PC Pro's Best of CES 2014, and Best Enabling Technology at CES 2014 by Gotta Be Mobile. The smart baby onesie from Rest Devices that can monitor and transmit important data of the baby powered by Intel® Edison won Best Kid-Friendly Product in Engadget's Best of CES 2014. And the Intel smart earbuds was named one of Wired’s Top 10 Gadgets at CES. As CEO Brian Krzanich said in his opening keynote address, Intel wants to “make everything smart.”




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Intel congratulates Valve on their first Steam Developers Conference and continued commitment to growing and supporting PC gaming and the ISV community. Intel is happy to support Valve in these efforts by sampling all 1200 Valve Developer Day attendees with Gigabyte Brix Pro Steam Machines -- which Tech Radar deemed the “best rated Steam Machine at CES.” These systems come with our blazing-fast Intel® Core™ i7-4770R processor with Intel® Iris™ Pro graphics. This processor is a leading edge high performance “system-on-a-chip” (SOC) with quad core CPU, Intel Iris Pro graphics and eDRAM all on a single package. This gives users highly optimized and thermally efficient computing like you see in the Gigabyte Brix, as well as mainstream gaming offerings in the market. Check out more on Intel and Valve’s comment to PC gaming here (fast forward to 53:36 in the clip).




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Generates $21 Billion in Cash from Operations
Reports Fourth-Quarter Revenue of $13.8 Billion

• Operating income of $3.5 billion, up 12 percent year-over-year
• EPS of 51 cents, up 6 percent year-over-year
• PC Client Group revenue of $8.6 billion, flat year-over-year
• Data Center Group revenue of $3.0 billion, up 8 percent year-over-year

SANTA CLARA, Calif., January 16, 2014 -- Intel Corporation today reported full-year revenue of $52.7 billion, operating income of $12.3 billion, net income of $9.6 billion and EPS of $1.89. The company generated approximately $20.9 billion in cash from operations, paid dividends of $4.5 billion, and used $2.1 billion to repurchase 94 million shares of stock.

For the fourth quarter, Intel posted revenue of $13.8 billion, operating income of $3.5 billion, net income of $2.6 billion, and EPS of 51 cents. The company generated approximately $6.2 billion in cash from operations, paid dividends of $1.1 billion, and used $528 million to repurchase 22 million shares of stock.

"We had a solid fourth quarter with signs of stabilization in the PC segment and financial growth from a year ago," said Intel CEO Brian Krzanich. “We’ve built a strong foundation for our business by bringing innovation to the market more quickly across a wide range of computing platforms. For example, at CES, we demonstrated multiple devices that weren’t on our roadmap six months ago."

Full-Year 2013 Key Financial Information and Business Unit Trends

• PC Client Group revenue of $33.0 billion, down 4 percent from 2012.
• Data Center Group revenue of $11.2 billion, up 7 percent from 2012.
• Other Intel architecture operating segments revenue of $4.1 billion, down 7 percent from 2012.

Q4 Key Financial Information and Business Unit Trends

• PC Client Group revenue of $8.6 billion, up 2 percent sequentially and flat year-over-year.
• Data Center Group revenue of $3.0 billion, up 3 percent sequentially and up 8 percent year-over-year.
• Other Intel® architecture operating segments revenue of $1.1 billion, up 4 percent sequentially and up 9 percent year-over-year.
• Gross margin of 62.0 percent, 1 percentage point above the midpoint of the company's prior expectation of 61 percent.
• R&D plus MG&A spending of $4.8 billion, slightly above the company's prior expectation of approximately $4.7 billion.
• Tax rate of 26 percent versus the company's prior expectation of 25 percent.

Financial Comparison
Annual
	2013	2012	vs. 2012
Revenue	$52.7 billion	$53.3 billion	down 1%
Gross Margin	59.8%	62.1%	down 2.3 pts.
Operating Income	$12.3 billion	$14.6 billion	down 16%
Net Income	$9.6 billion	$11.0 billion	down 13%
Earnings Per Share	$1.89	$2.13	down 11%

Financial Comparison
Quarterly
	Q4 2013	Q4 2012	vs. Q4 2012
Revenue	$13.8 billion	$13.5 billion	up 3%
Gross Margin	62.0%	58.0%	up 4.0 pts.
Operating Income	$3.5 billion	$3.2 billion	up 12%
Net Income	$2.6 billion	$2.5 billion	up 6%
Earnings Per Share	51 cents	48 cents	up 6%

Business Outlook
Intel's Business Outlook does not include the potential impact of any business combinations, asset acquisitions, divestitures or other investments that may be completed after January 16.

Full-Year 2014

• Revenue: approximately flat.
• Gross margin percentage: 60 percent, plus or minus a few percentage points.
• R&D plus MG&A spending: approximately $18.6 billion.
• Amortization of acquisition-related intangibles: approximately $300 million.
• Depreciation: approximately $7.4 billion.
• Tax rate: approximately 27 percent.
• Full-year capital spending: $11.0 billion, plus or minus $500 million.

Q1 2014

• Revenue: $12.8 billion, plus or minus $500 million.
• Gross margin percentage: 59 percent, plus or minus a couple of percentage points.
• R&D plus MG&A spending: approximately $4.8 billion.
• Restructuring and asset impairment charges: approximately $200 million.
• Amortization of acquisition-related intangibles: approximately $70 million.
• Impact of equity investments and interest and other: approximately $25 million.
• Depreciation: approximately $1.7 billion.

For additional information regarding Intel's results and Business Outlook, please see the CFO commentary at: www.intc.com/results.cfm.

Status of Business Outlook
Intel's Business Outlook is posted on intc.com and may be reiterated in public or private meetings with investors and others. The Business Outlook will be effective through the close of business on March 14 unless earlier updated; except that the Business Outlook for amortization of acquisition-related intangibles, impact of equity investments and interest and other, restructuring and asset impairment charges and tax rate, will be effective only through the close of business on January 23. Intel's Quiet Period will start from the close of business on March 14 until publication of the company's first-quarter earnings release, scheduled for April 15, 2014. During the Quiet Period, all of the Business Outlook and other forward-looking statements disclosed in the company's news releases and filings with the SEC should be considered as historical, speaking as of prior to the Quiet Period only and not subject to an update by the company.

Risk Factors
The above statements and any others in this document that refer to plans and expectations for the first quarter, the year and the future are forward-looking statements that involve a number of risks and uncertainties. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "will," "should" and their variations identify forward-looking statements. Statements that refer to or are based on projections, uncertain events or assumptions also identify forward-looking statements. Many factors could affect Intel's actual results, and variances from Intel's current expectations regarding such factors could cause actual results to differ materially from those expressed in these forward-looking statements. Intel presently considers the following to be the important factors that could cause actual results to differ materially from the company's expectations.

• Demand could be different from Intel's expectations due to factors including changes in business and economic conditions; customer acceptance of Intel's and competitors' products; supply constraints and other disruptions affecting customers; changes in customer order patterns including order cancellations; and changes in the level of inventory at customers. Uncertainty in global economic and financial conditions poses a risk that consumers and businesses may defer purchases in response to negative financial events, which could negatively affect product demand and other related matters.
• Intel operates in intensely competitive industries that are characterized by a high percentage of costs that are fixed or difficult to reduce in the short term and product demand that is highly variable and difficult to forecast. Revenue and the gross margin percentage are affected by the timing of Intel product introductions and the demand for and market acceptance of Intel's products; actions taken by Intel's competitors, including product offerings and introductions, marketing programs and pricing pressures and Intel's response to such actions; and Intel's ability to respond quickly to technological developments and to incorporate new features into its products.
• The gross margin percentage could vary significantly from expectations based on capacity utilization; variations in inventory valuation, including variations related to the timing of qualifying products for sale; changes in revenue levels; segment product mix; the timing and execution of the manufacturing ramp and associated costs; start-up costs; excess or obsolete inventory; changes in unit costs; defects or disruptions in the supply of materials or resources; product manufacturing quality/yields; and impairments of long-lived assets, including manufacturing, assembly/test and intangible assets.
• The tax rate expectation is based on current tax law and current expected income. The tax rate may be affected by the jurisdictions in which profits are determined to be earned and taxed; changes in the estimates of credits, benefits and deductions; the resolution of issues arising from tax audits with various tax authorities, including payment of interest and penalties; and the ability to realize deferred tax assets.
• Gains or losses from equity securities and interest and other could vary from expectations depending on gains or losses on the sale, exchange, change in the fair value or impairments of debt and equity investments; interest rates; cash balances; and changes in fair value of derivative instruments.
• Intel's results could be affected by adverse economic, social, political and physical/infrastructure conditions in countries where Intel, its customers or its suppliers operate, including military conflict and other security risks, natural disasters, infrastructure disruptions, health concerns and fluctuations in currency exchange rates.
• Expenses, particularly certain marketing and compensation expenses, as well as restructuring and asset impairment charges, vary depending on the level of demand for Intel's products and the level of revenue and profits.
• Intel's results could be affected by the timing of closing of acquisitions and divestitures.
• Intel's results could be affected by adverse effects associated with product defects and errata (deviations from published specifications), and by litigation or regulatory matters involving intellectual property, stockholder, consumer, antitrust, disclosure and other issues, such as the litigation and regulatory matters described in Intel's SEC reports. An unfavorable ruling could include monetary damages or an injunction prohibiting Intel from manufacturing or selling one or more products, precluding particular business practices, impacting Intel's ability to design its products, or requiring other remedies such as compulsory licensing of intellectual property.

A detailed discussion of these and other factors that could affect Intel's results is included in Intel's SEC filings, including the company's most recent reports on Form 10-Q and Form 10-K.

Earnings Webcast
Intel will hold a public webcast at 2 p.m. PDT today on its Investor Relations website at www.intc.com. A webcast replay and MP3 download will also be available on the site.

Intel plans to report its earnings for the first quarter of 2014 on April 15, 2014. Immediately following the earnings report, the company plans to publish a commentary by Stacy J. Smith, executive vice president and chief financial officer, at www.intc.com/results.cfm. A public webcast of Intel's earnings conference call will follow at 2 p.m. PDT at www.intc.com.


About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.

Intel, the Intel logo and Core are trademarks of Intel Corporation in the United States and other countries.

* Other names and brands may be claimed as the property of others.




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Transaction Will Accelerate the Availability of Next-Generation Video Services

NEW YORK and SANTA CLARA, Calif., Jan. 21, 2014 -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) and Intel Corporation (Nasdaq: INTC) today announced an agreement for Verizon to purchase from Intel the assets of Intel Media, a business division dedicated to the development of Cloud TV products and services.

The transaction will accelerate the availability of next-generation video services, both integrated with Verizon FiOS fiber-optic networks and delivered "over the top" to any device.

Terms of the transaction were not disclosed.

Verizon will purchase intellectual property rights and other assets that enable Intel's OnCue Cloud TV platform. Verizon will also make employment offers to substantially all of the approximately 350-person Intel unit, which will continue to be based in Santa Clara and be led by its current management team.

The transaction is subject to customary regulatory approvals and closing conditions and is expected to close early in the first quarter of 2014.

Lowell McAdam, chairman and CEO of Verizon, said: "The OnCue platform and team will help Verizon bring next-generation video services to audiences who increasingly expect to view content when, where and how they want it. Verizon already has extensive video content relationships, fixed and wireless delivery networks, and customer relationships in both the home and on mobile. This transaction provides us with the capabilities to build a powerful, capitally efficient engine for future growth and innovation. We will have the opportunity to enhance, expand, accelerate and integrate our delivery of video products and services to better serve audiences on a wide array of devices."

Once the transaction is closed, Verizon expects to integrate IP-based TV services with FiOS video to further differentiate FiOS from traditional cable TV offerings and to reduce ongoing deployment costs. FiOS customers are also expected to benefit from elegant search and discovery, interactivity and cross-screen ease of use – integrated with the Verizon Wireless 4G LTE network.

Brian Krzanich, CEO of Intel Corporation, said: "Intel Media's over-the-top TV products are truly innovative and under Verizon's ownership have the potential to change how people interact with content. The critical factor in gaining efficient access to content is based on your ability to scale quickly in subscribers and end users, which is why selling these assets to Verizon makes perfect sense, with its millions of FiOS network and wireless customers. This sale also enables Intel to further align our focus and resources around advancing our broad computing product portfolio in segments ranging from the Internet-of-Things to data centers."

Combined with Verizon's current and recently announced new video-delivery capabilities, the transaction also provides the platform and skill sets for Verizon to continue to expand the depth, breadth and scope of its video offerings, including mobile, in the future.

Erik Huggers, corporate vice president and general manager of Intel Media, said: "We're incredibly proud of what we've achieved. Intel provided us with the technological know-how and resources to develop products and services that will fundamentally change the way we experience TV, and now Verizon gives us access to the marketplace and the ability to scale. It's the next logical step, and we're excited about the road ahead."

In December, Verizon announced a definitive agreement to acquire EdgeCast, an industry leader in content delivery networks. Also in fourth-quarter 2013, Verizon announced the acquisition of upLynk's exclusive technology that streamlines the process of uploading and encoding of video for live, linear and video-on-demand content.


About Verizon

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, with more than 101 million retail connections nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries. A Dow 30 company with nearly $116 billion in 2012 revenues, Verizon employs a diverse workforce of 178,300. For more information, visit www.verizon.com.

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.

Verizon's Cautionary Statement Regarding Forward-Looking Statements

Certain statements in this communication regarding Verizon's future expectations, beliefs, goals or prospects constitute forward-looking statements that are subject to risks and uncertainties. A number of important factors could cause actual results or events to differ materially from those indicated by such forward-looking statements. A discussion of factors that may affect future results is contained in Verizon's filings with the Securities and Exchange Commission. Verizon disclaims any obligation to update or revise statements contained in this filing based on new information or otherwise.

Intel's Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain forward-looking statements regarding the proposed transaction between Verizon and Intel, including but not limited to statements regarding benefits of the proposed transaction, future expectations and future products and services. Actual events or results may differ materially from those contained in these forward-looking statements. Among the important factors that could cause future events or results to vary from those addressed in the forward-looking statements include without limitation, risks and uncertainties arising from the possibility that the closing of the transaction may be delayed or may not occur; difficulties with the integration process or the realization of the benefits of the transaction; general economic conditions in the regions and industries in which Intel operates; and litigation or regulatory matters involving antitrust and other issues that could affect the closing of the transaction. In addition, please refer to the documents that Intel files with the SEC on Forms 10-K, 10-Q and 8-K. The filings by Intel identify and address other important factors that could cause events and results to differ materially from those contained in the forward-looking statements set forth in this press release. Intel is under no duty to update any of the forward-looking statements after the date of this press release to conform to actual results.




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