Intel Corporation (NASDAQ:INTC) Q4 2014 Earnings Conference Call - Final Transcript
Jan 15, 2015 • 05:00 pm ET
November our investor meeting, the five point decline from the fourth quarter is primarily driven by higher platform unit costs on 40-nanometer products, higher factory startup costs and lower platform volumes.
Turning to full year 2015, we're planning for revenues to grow in the mid single digit. We are forecasting the midpoint of our gross margin range of 62% plus or minus a couple of points. We are
We are forecasting R&D and MG&A spending for the year at $20 million plus or minus $400 million and we're forecasting capital spending of $10 million plus or minus $500.
2014 was a great year and the financial demonstrating our strategy in action as we entered 2015. First (inaudible), across a broad range of products in markets. Second, we continue to invest in our core competitive advantages of leadership IT and leadership manufacture. And these competitive advantages are becoming increasingly valuable and increasingly we're. Third, we are in a great position to benefit from (inaudible) the cloud and data analytics as we enter 2015 and we expect these trends to drive growth again this year. And last, we continue to execute our strategy of both investing in our business and also generating return for our shareholders via the dividend and the buyback.
With that let me turn it back over to Mark.
Okay. Thank you Brian and Stacy. Moving on to the Q&A, as is our normal practice, we would ask each participant to ask one question and just one follow-up. Jamie, please introduce our first questioner.