Intel Q2 2008 Earnings Call Transcript

Jul. 15, 2008 11:22 PM ETIntel Corporation (INTC)
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Intel Corporation (NASDAQ:INTC) Q2 2008 Earnings Call July 15, 2008 5:30 PM ET

Executives

R. Kevin Sellers - Vice President, Investor Relations

Paul S. Otellini - President, Chief Executive Officer, Director

Stacy J. Smith - Chief Financial Officer, Vice President

Analysts

John Pitzer - Credit Suisse

Tim Luke - Lehman Brothers

Glen Yeung - Citigroup

Ross Seymore - Deutsche Bank

James Covello - Goldman Sachs

Sumit Dhanda - Banc of America

David Wong - Wachovia

Uche Orji - UBS

Chris Danely - J.P. Morgan

Hans Mosesmann - Raymond James

John Barton - Cowen & Company

Cody Acree - Stifel Nicolaus

John Lau - Jefferies & Company

Srini Pajjuri - Merrill Lynch

Michael McConnell - Pacific Crest Securities

Brian Piccioni - BMO Capital Markets

Operator

Good day, ladies and gentlemen, and welcome to the second quarter 2008 Intel Corporation earnings conference call. (Operator Instructions) I would now like to turn the presentation over to your host for today’s conference, Mr. Kevin Sellers, Vice President of Investor Relations. Please proceed, sir.

R. Kevin Sellers

Thank you and welcome everyone to Intel's Q2 2008 earnings conference call. Joining me on today’s call are Chief Executive Officer Paul Otellini and Chief Financial Officer Stacy Smith. This call is being webcast live and a replay will be posted to our website at approximately 5:00 p.m. Pacific Time and will remain there for approximately two months.

As usual, Paul will be discussing the highlights and progress of the quarter and Stacy will then provide details of our financial performance in Q2 as well as the outlook for both the third quarter and full year 2008. Following Stacy’s comments, we’ll be happy to take questions.

A few important items before we begin; first, the press release of our earnings went out at approximately 1:15 Pacific Time and is now

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