Otellini's last quarter

Subject: General Tech | April 17, 2013 - 12:44 PM |
Tagged: Intel, otellini, earnings

The downturn in the PC market has depressed the earnings of Intel during Paul Otellini's last quarter as head of the company, but not as badly as many companies thanks to decent sales of data centre products.   Their overall earnings are down $1bn from this quarter last year with their PC sales down 6.6% but their data centre sales up 7.5% when compared to Q1 2012.  The numbers are not so rosy when you look at the last year of sales, PC down 6% and data centre down 6.9%, in line with expectations but far from good news.  Intel has come a long way since 1974 when he first joined the company but even they are not immune to the decline in sales which has been hurting the industry recently.  Get the full sales numbers at The Register.

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"After 39 years at Chipzilla and over 80 earnings calls Paul Otellini has just finished his final one before stepping down in May. He didn't so much leave with a bang as a whimper.

The company booked $12.6bn in revenue for Q1 2013, down nearly a billion from the last quarter, and profits dropped 25 per cent to $2bn, over half of which will be given out as a dividend and another $553m used to buy back 25 million Intel shares. The results were broadly in line with analyst's expectations and Intel stock is up slightly in late trading."

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Source: The Register

Some new names to familiarize yourself with at Intel

Subject: General Tech | January 29, 2013 - 01:24 PM |
Tagged: Intel, otellini

We know that Paul Otellini will be leaving his position as CEO of Intel this year and The Inquirer just heard about what is happening to senior management because of his departure.  There are eight newly promoted senior executives at Intel and it is likely that one of them may be in line for the chair as Intel is most likely to look internally for their next leader.  On the other hand, it seems that investors are questioning some of Intel's past decisions, particularly in Fab development, which might bring pressure to bear for an new, external hire to become the next leader.  Keep an eye out as Intel's inside might be headed for drastic changes.

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"Last year Intel announced that Otellini will be leaving the company in May, concluding what is generally regarded as a successful tenure leading the chipmaker. Now the firm's top brass have been jockeying for position, with eight senior executives being promoted closer to the CEO's chair."

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Source: The Inquirer

More changes for the IT industry as Otellini joins the other departing tech heads

Subject: General Tech | November 19, 2012 - 12:34 PM |
Tagged: Intel, otellini

This may be the most amicable of the recent departures, Intel's leader for the past eight years will be stepping down in Spring.  The last eight years have seen a lot of successes at Intel as well as a few projects which did not pan out as hoped.  He is the man who oversaw Intel's chip design change from an inefficient architecture which lagged behind AMD's to their current undisputed role in the market today.  When he first started at Intel 40 years ago, the company had only been in existence for 5 years, so he has had a large influence on Intel's growth and it will be interesting to see the changes that will occur at Intel under a new leader.  Check out who The Tech Report thinks might be the next Intel CEO here.

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"Wow, what is it with high-profile tech executives leaving lately? On the heels of Scott Forstall's departure from Apple and Steven Sinofsky stepping down at Microsoft, Intel CEO Paul Otellini has announced that he, too, is going to be leaving his post."

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