Exhibit 11.1
INTEL CORPORATION
COMPUTATION OF EARNINGS PER SHARE (2)
(In millions, except per share amounts)
Three Months Ended Six Months Ended
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Jun. 28, Jun. 29, Jun. 28, Jun. 29,
1997 1996 1997 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 1,635 1,648 1,636 1,646
Add shares issuable from assumed
exercise of options and warrants 162 128 162 122
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Weighted average number of shares
outstanding as adjusted 1,797 1,776 1,798 1,768
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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 1,635 1,648 1,636 1,646
Add shares issuable from assumed
exercise of options and warrants 162 134 162 134
------ ------ ------ ------
Weighted average number of shares
outstanding as adjusted 1,797 1,782 1,798 1,780
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NET INCOME $1,645 $1,041 $3,628 $1,935
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PRIMARY EARNINGS PER SHARE $ 0.92 $ 0.59 $ 2.02 $ 1.09
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(1) FULLY DILUTED EARNINGS PER
SHARE $ 0.92 $ 0.58 $ 2.02 $ 1.09
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(1) Earnings per common equivalent share presented on the face of the
statements of income represent primary earnings per share. Dual presentation
of primary and fully diluted earnings per share has not been made on the
statement of income because the differences are insignificant.
(2) A two-for-one stock split effected as a special stock distribution was paid
on July 13, 1997 to stockholders of record as of June 10, 1997. All share and
per share amounts reported herein have been adjusted to reflect the effects
of this split.