Intel reports an increase in profits and sales
Intel achieved sales of $ 6.78 billion in the first quarter of 2002, which is 3 percent below the figure for the previous quarter and 2 percent above that of the first quarter of 2001. The profit increased by 2 compared to the fourth quarter Percent to $ 1 billion.
Taking into account the acquisitions, net profit reached a value of 936 million dollars, 86 percent over the fourth quarter of 2001 and 93 percent over the sum of the first quarter of 2001, in which one generated 485 million dollars.
Furthermore, as part of its buyback program during the past quarter, Intel acquired 30.9 million shares for one billion dollars back. Since the start of the buyback program in 1990, Intel has acquired around 1.6 billion shares for approximately $ 27 billion. For the second quarter of 2002, Intel expects sales between 6.4 and 7 billion dollars and is also rather positive for the whole of 2002. Investments in research and development are expected to amount to around 4.1 billion dollars in 2002.