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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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