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| Three years ended December 25, 1999 (In millions—except per share amounts) |
1999 |
1998 |
1997 |
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| Net revenues | $ | 29,389 | $ | 26,273 | $ | 25,070 | |||
| Cost of sales | 11,836 | 12,088 | 9,945 | ||||||
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| Research and development | 3,111 | 2,509 | 2,347 | ||||||
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| Marketing, general and administrative | 3,872 | 3,076 | 2,891 | ||||||
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| Amortization of goodwill and | |||||||||
| other acquisition-related intangibles | 411 | 56 | — | ||||||
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| Purchased in-process research | |||||||||
| and development | 392 | 165 | — | ||||||
| Operating costs and expenses | 19,622 | 17,894 | 15,183 | ||||||
| Operating income | 9,767 | 8,379 | 9,887 | ||||||
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| Interest expense | (36) | (34) | (27) | ||||||
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| Interest income and other, net | 1,497 | 792 | 799 | ||||||
| Income before taxes | 11,228 | 9,137 | 10,659 | ||||||
| Provision for taxes | 3,914 | 3,069 | 3,714 | ||||||
| Net income | $ | 7,314 | $ | 6,068 | $ | 6,945 | |||
| Basic earnings per common share | $ | 2.20 | $ | 1.82 | $ | 2.12 | |||
| Diluted earnings per common share | $ | 2.11 | $ | 1.73 | $ | 1.93 | |||
| Weighted average common shares | |||||||||
| outstanding | 3,324 | 3,336 | 3,271 | ||||||
| Weighted average common shares | |||||||||
| outstanding, assuming dilution | 3,470 | 3,517 | 3,590 | ||||||
See accompanying notes. |
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* Legal Information © 2000 Intel Corporation
Content published April 12, 2000.