Intel CEO Announces Widespread Restructuring
April 27, 2006 2:59 PM
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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...
4/27/2006 5:27:20 PM
WARNING - AMD FANS READ HERE
Please stop referring to the lawsuit as being a good thing for AMD to do. Most internet users are smart - therefore they are not AMD supporters - and they will destroy you with tons of valid arguments.
There are 2 scenarios here:
a. you really believe that it was a good move - in which case do yourselves a favor and research the subject a little before rambling
b. you know it's the bad move for AMD but you're afraid that Intel will win the legal battle and AMD will suffer huge consequences so you're trying to spread FUD around (what a pointless thing to do in the first place). IF that's the case then forget it, since most of us here are not AMD supporters and your message will fall on deaf ears.
"Well, we didn't have anyone in line that got shot waiting for our system." -- Nintendo of America Vice President Perrin Kaplan
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