http://www.morningstar.com/earnings/54489954-intel-corp-intc-q2-2013.aspx

Intel Corp INTC
Q2 2013 Earnings Call Transcript

Transcript Call Date 07/17/2013

Operator: Good day, ladies and gentlemen, and welcome to the Second Quarter 2013 Intel Corporation Earnings Conference Call. My name is Jamie and I'll be your coordinator for today. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will be given at that time. As a reminder, this conference is being recorded for replay purposes.

I would now like to turn the presentation over to your host for today's call Mr. Mark Henninger, Director of Investor Relations. Please proceed, sir.

Mark Henninger - IR: Great. Thank you, Jamie, and welcome everyone to Intel's second quarter 2013 earnings conference call. By now you should have received a copy of our earnings release and the CFO commentary that goes along with that. If you've not received both documents, they are available currently at our website, intc.com.

I'm joined today by Brian Krzanich, our CEO and Stacy Smith, our Chief Financial Officer. In a moment, we'll hear brief remarks from both of them followed by the Q&A.

Before we begin, let me remind everyone that today's discussion contains forward-looking statements based on the environment as we currently see it, and as such, does include risks and uncertainties. Please refer to our press release for more information on the specific risk factors that could cause actual results to differ materially.

Also, during this call, if we use any non-GAAP financial measures or references, we'll post the appropriate GAAP financial reconciliation to our website, intc.com.

Lastly, I'd like to highlight a change we will be making to our earnings release process starting with the third quarter earnings announcement on October 15, 2013. To ensure the timely and controlled release of information, we plan to make our results available on our IR website intc.com about a minute after the market closed and no longer distribute quarterly financial results through a Newswire service.

With that, let me hand the call back over to Brian.

Brian M. Krzanich - CEO: Thanks Mark. It's great to have a chance to speak to you all on my first earnings call as CEO. The last two months have been exciting for me. I have spent the majority of my time meeting with customers, employees and my executive team. I've heard a wide variety of views about our industry and Intel, how we are positioned, where we're strong and where we can improve. I've had the opportunity to share my vision and strategy for our Company and lay out my expectations as we move into the new era with an updated set of priorities. Those conversions leave me more enthusiastic and more confident than ever about our opportunity as a Company. Intel has unmatched assets in process technology and architecture, a powerful brand and talented employees that are producing some remarkable results.

Let me give you a few highlights from the second quarter. There were several significant milestones in mobility. First, we unveiled details about our next-generation Atom architecture, code named Silvermont. The Silvermont architecture will deliver up to a 5x reduction in power at the same level of performance or up to a 3x improvement in performance over our prior generation of architecture. Silvermont is unique in its ability to span the market's appetite for computing from ultra-mobile divides to the Data Center, and it supports both Windows and Android. The Silvermont platform will underpin our products for tablets, two-in-ones and desktops as well as our phones and microserver products for the Data Center. The products will be Bay Trail, Merrifield and Avoton respectively. Then at Computex, we launched the Haswell family of processors, which delivered the biggest improvement in battery life in Intel's history, making no compromises, high performance two-in-one devices, that make all day battery life a reality.

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