(Image source: TECHONSHOW)

BY LOWELL THOMAS
 
ANCHOR NEVILLE MILLER
 
After 40 years with Intel, CEO and president Paul Otellini is retiring in May. The move comes at a crucial time for the largest microprocessor maker in the world, as it has lagged behind competitors such as Samsung and ARM in the smartphone and tablet market. Here’s Bloomberg with more...
 
“Intel is adjusting to this increasingly mobile world. Intel is the biggest provider of chips for personal computers, PCs, not the device that people are using anymore. Intel is the only member of the Dow Industrial that declined this morning.”
 
For the first time Intel is looking to hire externally, which could cause a major shift in the business’ culture. The company has lost out in the mobile market to newer companies such as ARM, which have chips in 95 percent of the world’s mobile phones and tablets. According to All Things Digital … 
 
“Apple’s iPad — the most popular tablet in the world — doesn’t use an Intel chip, but one designed by Apple and manufactured by Samsung under contract. The same is true of Apple’s iPhone. And none of the successful Android tablet computers have Intel chips in them. Some smartphones do, but only a few.”
 
Despite generating $107 billion in the past seven years, many are hoping new leadership will result in a faster Intel
 
“As Steve Jobs said you can't deal with them. They're too slow. They’re too stodgy. They're too big, and you rather deal with someone in a quick fashion like Samsung.”
 
For some the 62-year-old CEO’s announcement isn’t much of a surprise because of Intel’s mandatory retirement age of 65. Otellini said in the press release...
 
“I’ve been privileged to lead one of the world’s greatest companies. After almost four decades with the company and eight years as CEO, it’s time to move on and transfer Intel’s helm to a new generation of leadership.”
 
After the retirement was made public Intel’s shares rose 16 cents to $20.19 Monday morning. 

Intel CEO Paul Otellini Announces Retirement

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Nov 19, 2012

Intel CEO Paul Otellini Announces Retirement

(Image source: TECHONSHOW)

BY LOWELL THOMAS
 
ANCHOR NEVILLE MILLER
 
After 40 years with Intel, CEO and president Paul Otellini is retiring in May. The move comes at a crucial time for the largest microprocessor maker in the world, as it has lagged behind competitors such as Samsung and ARM in the smartphone and tablet market. Here’s Bloomberg with more...
 
“Intel is adjusting to this increasingly mobile world. Intel is the biggest provider of chips for personal computers, PCs, not the device that people are using anymore. Intel is the only member of the Dow Industrial that declined this morning.”
 
For the first time Intel is looking to hire externally, which could cause a major shift in the business’ culture. The company has lost out in the mobile market to newer companies such as ARM, which have chips in 95 percent of the world’s mobile phones and tablets. According to All Things Digital … 
 
“Apple’s iPad — the most popular tablet in the world — doesn’t use an Intel chip, but one designed by Apple and manufactured by Samsung under contract. The same is true of Apple’s iPhone. And none of the successful Android tablet computers have Intel chips in them. Some smartphones do, but only a few.”
 
Despite generating $107 billion in the past seven years, many are hoping new leadership will result in a faster Intel
 
“As Steve Jobs said you can't deal with them. They're too slow. They’re too stodgy. They're too big, and you rather deal with someone in a quick fashion like Samsung.”
 
For some the 62-year-old CEO’s announcement isn’t much of a surprise because of Intel’s mandatory retirement age of 65. Otellini said in the press release...
 
“I’ve been privileged to lead one of the world’s greatest companies. After almost four decades with the company and eight years as CEO, it’s time to move on and transfer Intel’s helm to a new generation of leadership.”
 
After the retirement was made public Intel’s shares rose 16 cents to $20.19 Monday morning. 
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