Intel 3Q13 Earnings Call Notes

posted in: Notes | 0

This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. The quotes are generally pieces of information that I find interesting or helpful to understanding the company, industry or economy and are not meant to provide summaries of the full content of the call. Other posts in this series can be found by clicking here. Full transcripts can be found at Seeking Alpha.

“While consumer demand in emerging markets was sluggish, we started to see early signs of improvements in North America and Western Europe.”

“Broadwell, the first product on 14-nanometers is up and running as we demonstrated at Intel Developer Forum, last month. While we are comfortable with where we are at with yields, from a timing standpoint, we are about a quarter behind our projections. As a result, we are now planning to begin production in the first quarter of next year.”

“While preferences for form factor OSes and price points have evolved, the market appetite for computing has continued to grow”

“To your question on the debt deal and debate, I would say, we have not seen any impacts in our business. I think generally the financial markets have been pretty tame in their reaction to this”

“I think when you talk about just the market in general how we see it, we are trying to bring innovation to the PC but we are also trying to move into these markets that are growing already like tablets and phones. So our view is that at the end of the day, the customers are going to choose their form factors.”

“there are about 50 designs on Bay Trail, about 20 of those are 2-in-1s, probably 25, 20 of them are Bay Trail tablets on Android, there is going to be about eight systems on shelf, eight to 10 systems on shelf, we believe, by the say Black Friday timeframe. Most of those will be Android tablets.”

“The connectivity and comps both are very important. We had Wi-Fi for 12-plus years, so our position in Wi-Fi is good. We have made acquisitions in GPS and GNSS lately to add to our portfolio. We talked about in the prepared statements about our progress on LTE and we actually believe we are making great progress in LTE.

We added LTE data now, LTE data and voice by the end of the year, LTE with carrier aggregation first half of next year. That’s very good progress in our mind on LTE. I want to remind you though, but it’s really when you take a look at these SoC products, it’s about all of the IPs.

So you have got to get the graphics right. You have got to get the connectivity right. You have got to get the comps right. We really have a drive to both our individual IPs correctly there and then to integrate them into the silicon. That’s kind of the order that you have to do with it. You have to go get the IP correct. That’s why you see our LTE products are standalone now. Then you integrate them in once you get the capability in a standalone product. We will be working on that next year.”

“But if you just take a look at our products and all of our products are 64-bit. So we have had that for an extended period of time and products that we are shipping today are already 64-bit. If you take a look at things like transistor density and you compare, pardon the pun, apples-to-apples and you compare, say, the A7 to our Bay Trail, which is the high density 22 nanometer technology then our transistor density is higher or more dense than the A7 is. So it’s a good product. I am not in any way trying to deface that, but we do see the Moore’s Law advantage from 28 to 22 nanometer as an example, when you compare dense technologies to dense technologies.

We believe 14 nanometer it just an another extension of Moore’s Law. So it will have that same roughly twice density that you will see between 28 and 22 nanometer. You will see that same kind of increase or improvements as you move to 14. It is a true 14 nanometer technology. ”

“they see a roadmap now. I think more importantly than just 14 nanometer. What they see is a roadmap from us around the Atom SoC…they look at our roadmap, and say okay, they have got LTE, they have got connectivity, they have got a standalone, they have plans to integrate those technologies in, in a basic SoC. They are starting to build confidence in our roadmap along with us. That’s, I think, what they really look at this as they see our Atom roadmap that’s highly competitive”