Question: Evaluate this statement. Intel's operating $1.1 billion or 58%, in Q1 2004 compared to Q1 2003. The increase was primarily due to the impact of

Evaluate this statement. Intel's operating $1.1 billion or 58%, in Q1 2004 compared to Q1 2003. The increase was primarily due to the impact of higher revenue and lower unit costs for microprocessor. These increases were partially offset by $1.62 million charge in Q1 2004 relating to a settlement agreement with Intergraph Corporation. In addition, Q1 2003 benefited from the unusually high level of sales of microprocessor and chipset inventory that had been previously reserved.

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