Intel revises financial reports model

The semiconductor company announced Tuesday that it will change its format for quarterly reports.

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The company said it plans to break out results for operations associated with Altera Corp., another Silicon Valley chip maker that Intel purchased for $16.7 billion in a deal that closed in December. Those numbers will be reported in what Intel now calls its programmable solutions group.

Intel also will separately disclose the revenue and operating profit of a business selling products based on chips called flash memory. That segment will be called the nonvolatile memory solutions group, Intel said.

(READ MORE: Wall Street Journal)

Intel will use the new model for its first-quart earning reports on April 19, according to the press release

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