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.
cautious expect fourth normally percent slower watch
Four-to-8 percent is slower than you would normally expect to get out of the fourth quarter. We're being a little cautious and we're going to watch and see what develops.
consumer declines expect higher normal tempered weak
In a normal seasonal environment, we would expect higher revenue, ... Our expectations have been tempered by the weak economy, and declines in consumer confidence.
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,
area fast growing logistics
Wafers have been outsourced. Now logistics is another area that is being outsourced. Logistics is a very fast growing industry. Logistics is on fire.
billion bulk capital costs deployed dollars enable gone higher lower meeting overall products spending target unit volumes
We are well way to meeting our 2001 target of $7.5 billion in capital spending having deployed just under two-thirds of this in the first half. The bulk of these dollars have gone to new technologies that enable us to make products at higher volumes with lower overall unit costs and higher performance.
line quarter year
The quarter and the year are progressing in line with our expectations.