Intel 2000 Annual Report Download - page 17

Internet.
In February 2001, we announced that we entered into a definitive agreement to acquire privately held VxTel Inc. for approximately
$550 million in a cash transaction. VxTel develops Voice-over-Packet products that deliver high-quality voice and data communications over
next-generation optical networks. The completion of this acquisition is subject to regulatory review and normal closing conditions.
Status of Outlook and related risk factor statements
We expect that our corporate representatives will meet privately from time to time with investors, the media, investment analysts and others.
At these meetings we may reiterate the Outlook as published in our Outlook Release of March 8, 2001, including portions that are repeated or
incorporated by reference into this annual report. At the same time, we will keep our Outlook Release and Outlook publicly available on our
Web site (www.intc.com). Prior to the start of the Quiet Period (described below), the public can continue to rely on the Outlook on the Web
site as still being our current expectations on matters covered, unless we publish a notice stating otherwise.
Beginning March 10, 2001, we will observe a "Quiet Period" when we no longer publish, or update, Outlook as our current expectations and
Intel representatives will not comment concerning Outlook or Intel's financial results and expectations. The Quiet Period will extend until the
day when our next quarterly Earnings Release is published, presently scheduled for April 17, 2001.
ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
The information appearing under the subheading "Financial market risks" under the heading "Management's discussion and analysis of
financial condition and results of operations" on pages 38 and 39 of the company's 2000 Annual Report to Stockholders is incorporated by
reference.
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Consolidated financial statements of Intel at December 30, 2000 and December 25, 1999, and for each of the three years in the period ended
December 30, 2000 and the Report of Independent Auditors thereon, and the company's unaudited quarterly financial data for the two-year
period ended December 30, 2000 are incorporated by reference from the company's 2000 Annual Report to Stockholders, on pages 17 through
35.
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
Not applicable.
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PART III **
ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
The information regarding Directors and Executive Officers appearing under the heading "Election of Directors" and "Section 16(a)
Beneficial Ownership Reporting Compliance" of the company's proxy statement relating to its 2001 Annual Meeting of Stockholders (the
"2001 Proxy Statement") is incorporated by reference.
ITEM 11. EXECUTIVE COMPENSATION
The information appearing under the headings "Directors' Compensation," "Employment Contracts and Change of Control Arrangements,"
"Compensation Committee Report on Executive Compensation," "Stock Price Performance Graph," and "Executive Compensation" of the
2001 Proxy Statement is incorporated by reference.
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
The information appearing in the 2001 Proxy Statement under the heading "Security Ownership of Certain Beneficial Owners and
Management" is incorporated by reference.
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
Not applicable.