m PST on the Investor Relations Web site atintc

SANTA CLARA, Calif.(Business Wire)Intel Corporation today announced preliminary fourth-quarter financialinformation with revenue of approximately $8.2 billion, down 20 percentsequentially and down 23 percent year over year. Revenue will be lower than thecompanys previous expectation, provided on Nov. 12, 2008, as a result offurther weakness in end demand and inventory reductions by its customers in theglobal PC supply chain. The preliminary estimate of gross margin for the fourth quarter is at the bottomof the previous expectation of 55 percent, plus or minus a couple of points. As a result of the year-end market price of Clearwire Corporation stock, Intelwill impair the value of its investment, resulting in a non-cash charge tofourth-quarter earnings of approximately $950 million.

The company now expectsthe net gain or loss from equity investments and interest and other to be a lossof between $1.1 billion and $1.2 billion versus a previous expectation of a lossof approximately $50 million. Spending (R&D plus MG&A) is expected to be approximately $2.6 billion, lowerthan the previous expectation of approximately $2.8 billion. Restructuring and asset impairment charges are expected to be approximately $250million, unchanged. A news release will be distributed after close of market, and a publicwebcast will be available at 2:30 p.m PST on the Investor Relations Web site atintc . The company is currently observing the pre-earnings quiet period andwill not make further comments about its fourth-quarter results in the interim.

The company is continuing to review itsfinancial and operating results, and actual results may differ materially fromthose contained herein. In addition, the preliminary fourth-quarterfinancial information could vary from the above estimates based on the finalaccounting. Intel (NASDAQ:INTC), the world leader in silicon innovation, developstechnologies, products and initiatives to continually advance how people workand live. Additional information about Intel is available at and blogs.intel Intel and the Intel logo are trademarks of Intel Corporation in the UnitedStates and other countries. Other names and brands may be claimed as the property of others. Intel CorporationMichael Sullivan, 408-765-9785 (Investor Relations)Amy Kircos, 480-552-8803 (Media Relations) Copyright Business Wire 2009.