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 6:17:29 PM
"Most internet users are
- 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 ...
"What would I do? I'd shut it down and give the money back to the shareholders." -- Michael Dell, after being asked what to do with Apple Computer in 1997
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