Intel 2000 Annual Report Download - page 16

We are currently party to various legal proceedings, including those noted above. While management, including internal counsel, currently
believes that the ultimate outcome of these proceedings, individually and in the aggregate, will not have a material adverse effect on our
financial position or overall trends in results of operations, litigation is subject to inherent uncertainties. Were an unfavorable ruling to occur,
there exists the possibility of a material adverse impact on the net income of the period in which the ruling occurs. The estimate of the potential
impact on our financial position or overall results of operations for the above legal proceedings could change in the future.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
None.
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PART II **
ITEM 5. MARKET FOR THE REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
(a) The information regarding market, market price range and dividend information appearing under "Financial information by
quarter (unaudited)" on page 35 of the company's 2000 Annual Report to Stockholders is incorporated by reference.
(b) As of February 23, 2001, there were approximately 258,000 registered holders of record of Intel's common stock.
(c) Unregistered sales of equity securities.
In connection with the acquisition of Level One Communications, Incorporated, Intel assumed Level One's obligations from its
prior acquisition of SF Telecom, Inc. In complete satisfaction of these obligations to the former stockholders of SF
Telecom, Inc., Intel issued 23,685 shares of Intel common stock to the former stockholders of SF Telecom in November 2000.
This transaction was made, without general solicitation or advertising, pursuant to the exemption from registration provided by
Section 4(2) of the Securities Act of 1933. The company believes that each purchaser (i) was an accredited investor or a
sophisticated investor (either alone or through its representative) with access to all relevant information necessary, (ii) was
acquiring the Intel common stock solely for his or her own account and for investment, and (iii) does not intend to offer, sell or
dispose of such shares except in compliance with the Securities Act of 1933.
ITEM 6. SELECTED FINANCIAL DATA
The information regarding selected financial data for the fiscal years 1996 through 2000, under the heading "Financial summary" on page 17
of the company's 2000 Annual Report to Stockholders, is incorporated by reference.
In addition, the ratios of earnings to fixed charges for each of the five years in the period ended December 30, 2000 are as follows:
Fixed charges consist of interest expense and the estimated interest component of rent expense.
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ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
The information appearing under the heading "Management's discussion and analysis of financial condition and results of operations" on
pages 36 through 41 of our 2000 Annual Report to Stockholders is incorporated by reference.
In January 2001, we announced that we entered into a definitive agreement to acquire Xircom, Inc and in March we successfully completed
the tender offer. Xircom is a supplier of PC cards and other products used to connect mobile computing devices to corporate networks and the
Fiscal year
1996 1997 1998 1999 2000
108x
206x
167x
166x
171x