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Wednesday, Jul 17
More on Intel: 2013 capex budget range lowered by another $1B to $10.5B-$11.5B. 2013 gross...
More on Intel: 2013 capex budget range lowered by another $1B to $10.5B-$11.5B. 2013 gross margin forecast lowered to 59% from 60%, and opex forecast lowered by $200M to $18.5B-$18.9B. Q2 gross margin was 58.3%, +210 bps Q/Q (lower charges/write-offs) and -510 bps Y/Y (higher start-up and qualification costs). $550M spent on buybacks vs. $533M in Q1. PC CPU division sales (63% of total) +1% Q/Q and -7% Y/Y (-6% in Q1); ASPs -3% Q/Q and flat Y/Y. Server CPU division sales +6% Q/Q and flat Y/Y; ASPs -1% Q/Q and Y/Y. Other Intel architecture (inc. Atom) -4% Q/Q and -15% Y/Y. Software/services +4% Q/Q and Y/Y. Headcount +1K Q/Q to 106K. INTC -1.5% AH. (PR) (CFO comments)