INTEL CORPORATION
COMPUTATION OF PER SHARE EARNINGS
(In millions, except per share amounts)
Year Ended
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Dec. 31, Dec. 30, Dec. 28,
1994 1995 1996
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PRIMARY SHARES CALCULATION
Reconciliation of weighted average number
of shares outstanding to amount used in
primary earnings per share computation:
Weighted average number of shares outstanding 830 825 823
Add-shares issuable from assumed exercise
of options and warrants 44 59 65
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Weighted average number of shares outstanding
as adjusted 874 884 888
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FULLY DILUTED SHARES CALCULATION
Reconciliation of weighted average number
of shares outstanding to amount used in
fully diluted earnings per share computation:
Weighted average number of shares
outstanding 830 825 823
Add-shares issuable from assumed exercise
of options and warrants 44 65 79
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Weighted average number of shares
outstanding as adjusted 874 890 902
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NET INCOME $2,288 $3,566 $5,157
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PRIMARY EARNINGS PER SHARE $ 2.62 $ 4.03 $ 5.81
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FULLY DILUTED EARNINGS PER SHARE(1) $ 2.62 $ 4.01 $ 5.72
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(1) Earnings per common and common equivalent share presented
on the face of the income statement represent primary earnings per share.
Dual presentation of primary and fully diluted earnings per share has
not been made on the face of the income statement because the differences
are insignificant. This exhibit is presented because common stock
equivalents represent more than 3% of weighted average common shares
outstanding.