Andy Bryant
Andy Bryant
Andy Bryant is the current Chairman of the multinational semiconductor company Intel. He joined Intel in 1981 and previously served as the company's vice chairman, chief administrative officer and chief financial officer. Bryant works out of the company's offices in Hillsboro, Oregon, and lives in Portland. He also serves on the board of directors for McKesson Corp., Columbia Sportswear, and Kryptiq...
certainly fairly few happen last normal realm seeing
What we're seeing now doesn't happen every winter, but it certainly is not out of the normal realm of occurrences. The last few winters have been fairly quiet.
aggressive beginning demand fourth last product third
We under-forecasted demand beginning in last year's third and fourth quarters. I don't have enough product to be as aggressive as I would like to be.
conviction early effort finance financial health intel last preserve profits progress protect result strategy validation year
This early progress in profitability is the result of a year-long effort and a validation of Intel's conviction that profits, not revenue, finance growth, ... Our financial strategy over the last year has been to preserve profits and protect financial health while proceeding with investments that make Intel more competitive.
answer chip coming last market quicker sets simple
The simple answer is, we anticipated third-party chip sets coming into the market quicker than they did. The chip-set imbalance we think got us, hopefully, one last time.
architecture corner driven growth intel last slightly turned
Revenues turned the corner and were up slightly from last year, driven by significant year-to-year growth in the Intel architecture business,
below enhancing further last month sea surface
During the last month or so, those sea surface temperatures have been below normal, further enhancing what we have been seeing.
cost demand driving hit pickup savings seeing wall
We're just not seeing the demand pickup we'd like to see, and we hit a wall on some of the cost savings we were driving for.
held market share
We held market share in units in the quarter.
economic seen signs
We've seen no signs of an economic recovery.
consistent earlier early low pricing quarter strategy
Our pricing strategy is no different than what we said earlier in the quarter, ... We said early in the first quarter we're going to take back the low end. This is consistent with what we said in early January.
bit continue conviction difficult emerge financial history intel invest key management others processes products response similar sound strength
Our response to this downturn will be similar to others in our history, ... It may sound a bit trite, but Intel has the financial strength and management conviction to continue to invest in its key products and processes through these difficult times and emerge a better, more competitive company.
analysis true
Really, we only have analysis for Portland, Salem, Eugene and Astoria. We can't really do any analysis for Aurora because there aren't enough years for a true comparison.
adjusting economic expenses looking momentum recovery
Looking forward, however, we have yet to see the momentum of the economic recovery in our business. As a result, we will be adjusting our staffing expenses accordingly.
behind business declines looking saw
Looking back we are comfortable that our business has stabilized and the year-to-year declines we saw in 2001 are behind us,