Word: otellini
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...Intel responded by announcing it would appeal in the E.U.'s courts. "We believe the decision is wrong and ignores the reality of a highly competitive microprocessor market," Intel chief executive Paul Otellini said. "There has been absolutely zero harm to consumers. Intel will appeal...
...last quarter, Intel Corporation reported revenue of $7.1 billion, net income of $647 million and earnings per share of $.11. Revenue was $9.7 billion in the same period last year. Aside from topping expectations, Intel's CEO, Paul Otellini, said, "We believe PC sales bottomed out during the first quarter and that the industry is returning to normal seasonal patterns." (See pictures of the Top 10 scared traders...
During his long career with Intel, the world's largest semiconductor company, Paul Otellini has had a catbird-seat view of the remarkable social and business changes wrought by the information technology revolution. Now Intel's CEO, he has also witnessed some of the tech industry's biggest setbacks, such as the implosion of the dotcom bubble in 2000 that plunged the U.S. into recession. In an recent interview with TIME senior editor Jim Erickson, Otellini discussed some of the differences between the dotcom bust and the current global financial crisis - and whether technology's Next Big Thing can help...
...Paul Otellini...
...Intel has fallen far behind its rivals in putting chips in cell phones and other wireless devices. "They have been talking the talk in communications; they haven't walked the walk." Indeed, Intel's communications division is still losing money, despite a $10 billion investment since 2001. Barrett and Otellini say the division is a work in progress...