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Paul Otellini - Image courtesy Intel
CEO Paul Otellini revealed broad restructuring of the chip maker’s operations at a shareholder meeting on Thursday

On the heels of a 38 percent profit drop in first quarter profits last week and slowing sales growth in the personal computers market, Intel CEO Paul Otellini stated that there would be major changes in the company to improve efficiency. Otellini said Intel will look at ways of cutting costs per unit, increasing employee productivity and implementing immediate changes to underperforming business units over the next 90 days.

Otellini also stated that this restructuring will focus on every aspect of the chip maker’s operations. "No stone will remain unturned or unlooked at," claimed the CEO. “You will see a leaner, more agile and more efficient Intel Corp."  Intel underwent a similar change under Otellini's direction two years ago, which resulted in several project terminations such as LCoS research.  Flash memory looks to be one of the largest projects on Intel's cutting board, losing over $100M  USD in Q1'06  alone. 

Intel will also be introducing three new chips over the summer to refresh its product lines. Woodcrest for servers will be released in June, Conroe for desktops in July and Merom for notebooks in August.

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RE: No stone left behind...
By hstewarth on 4/27/2006 4:30:05 PM , Rating: 2
I don't call sueing everybody left and right, doing things right.

RE: No stone left behind...
By PT2006 on 4/27/2006 4:35:52 PM , Rating: 2
RE: No stone left behind...
By cgrecu77 on 4/27/06, Rating: 0
RE: No stone left behind...
By clnee55 on 4/27/06, Rating: 0
RE: No stone left behind...
By deeznuts on 4/27/2006 6:17:29 PM , Rating: 3
"Most internet users are sheep - therefore they are AMD supporters"

Jesus I don't understand this. AMD supporters? I understand sports teams, music bands, but a chip manufacturer? When it comes to computers, I support: Me, my family and my friends. That is all. I'm not going to build myself, or F&F an Intel machine if AMD is a better value or buy at the moment, just because I'm an intel supporter, and vice versa. I build whatever is best at the moment. For about 3-5 years, it was intel. For the last 2-3 years, it's been AMD. And if conroe kicks ass, it'll be Intel again.

Next thing you know we are going to have Intel or AMD supporters standing outside the airport during company conferences when the Executives flying in, wearing their fan shirt and screaming as if they were pubescent boys who just spotted Britney Spears. Seriously guys ...

RE: No stone left behind...
By hstewarth on 4/27/2006 5:56:32 PM , Rating: 2
Well its obvious by the statements here why the sueing stuff is so stupid - different people have different opinions. I hate the idea of if you can beat the competition by your marketting and product done, sue them in attempt to change you market place.

Its doen't matter which company talking about here.

"Intel is investing heavily (think gazillions of dollars and bazillions of engineering man hours) in resources to create an Intel host controllers spec in order to speed time to market of the USB 3.0 technology." -- Intel blogger Nick Knupffer
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