Paul Otellini

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Intel CEO to Step Down

After 40 years with the company, Peter Otellini retires

(Newser) - Intel CEO Paul Otellini will retire in May, ending a nearly 40-year stint at the company, including what will be eight years in the top job, the chip maker announced today. "It's time to move on and transfer Intel's helm to a new generation," the 62-year-old... More »

Intel: Cheap Memory Won't Erase Profits

New markets will protect company from NAND flash price drops

(Newser) - Steep drops in the price of NAND flash memory have hit Intel's profits, but CEO Paul Otellini vows it's not going to put the company in the red, the AP reports. Prices of the chips have fallen more than 50% recently, much more than the chipmaking giant had predicted. Otellini... More »

Intel Profits Jump 51%, But Slowdown Seen

Chipmaker cautious on 2008 as global PC market cools

(Newser) - Intel's net income leaped 51% in the fourth quarter—the No. 1 chipmaker's largest increase in 14 quarters—to $2.27 billion. But the glow was dimmed by what looks to be a cooling PC  market, leading to lower projections for 2008, and sending Intel’s share price down 14%... More »

Microchips Earning Maxi Profits

Intel net income boosted 43% by huge demand for laptops

(Newser) - Silicon Valley giant Intel, whose microchips are an integral part of most computers, reported a 43% jump in net income to $1.86 billion for the third quarter—and forecast another increase in the current quarter. The company is firing on all cylinders, with investors driving up the stock 26%... More »

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