Exhibit 11.1
INTEL CORPORATION
COMPUTATION OF EARNINGS PER SHARE (2)
(In millions, except per share amounts)
Three Months Ended Nine Months Ended
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Sept. 27, Sept. 28, Sept. 27, Sept. 28,
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 1,644 1,636 1,645
Add shares issuable from
assumed exercise
of options and warrants 162 126 162 124
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Weighted average number
of shares outstanding
as adjusted 1,797 1,770 1,798 1,769
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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 1,644 1,636 1,645
Add shares issuable from
assumed exercise of
options and warrants 164 142 164 142
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Weighted average number of
shares outstanding as
adjusted 1,799 1,786 1,800 1,787
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NET INCOME $1,574 $1,312 $5,202 $3,247
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PRIMARY EARNINGS PER SHARE $ 0.88 $ 0.74 $ 2.89 $ 1.84
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(1) FULLY DILUTED
EARNINGS PER SHARE $ 0.87 $ 0.73 $ 2.89 $ 1.82
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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.