President and CEO Paul Otellini will retire in May, Intel (INTC) says, starting a six-month...

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wigit5 Comments (2472)
 
Unexpected?
19 Nov 2012, 09:13 AM Reply Like

tomlos Comments (492)
 
no clue but they are having a delayed open....
19 Nov 2012, 09:21 AM Reply Like

Dividend Garden Comments (236)
 
I noticed the delayed open. I tried to get a pre-market read on INTC, but it's showing all zero's. Another website said that it's 0.8% higher in premarket, though. Too bad for him. He's done a lot in 8 years, but 2012 has not been good.
19 Nov 2012, 09:23 AM Reply Like

FrankArabia Comments (137)
 
nope....they want him out....they want someone who can address the plethora of concerns
19 Nov 2012, 09:21 AM Reply Like

inspy Comments (15)
 
Hope a mobile guy can step in and push the company even harder in that direction.
19 Nov 2012, 09:55 AM Reply Like

wigit5 Comments (2472)
 
at this point sacrificing a bit of the enormous lead they have in the PC market to improve there mobile market seems like the right thing to do so I totally agree, ease up on the gas in PC chips, and push the mobile pedal through the floor...
19 Nov 2012, 10:15 AM Reply Like

Rob Tanner Comments (437)
 
Sacked. He was talking up no transition plans yet as 65 was a long way off about 12 months ago.

It's a good move, but its too way late. He should have been sacked 5 years ago when he said arm was no threat given its revenues.

Unless they hire Jenhsun Huang I don't see any external canditates with the mobile relationships to help.

It's not too late to take an arm license and generate some internal competition.
19 Nov 2012, 10:17 AM Reply Like

SA Editor Samir Patel Comments (111)
 
I seriously doubt he was sacked; Intel has seen major success under his tenure. Also, getting an ARM license wouldn't help Intel any - there's no fundamental efficiency difference between RISC and x86. Performance and power consumption are all about the microarchitecture design.
19 Nov 2012, 10:34 AM Reply Like

Rob Tanner Comments (437)
 
you can doubt it all you want.
19 Nov 2012, 11:26 AM Reply Like

Cincinnatus Comments (2199)
 
As usual Tanner reveals himself to be the village idiot.
19 Nov 2012, 11:28 AM Reply Like

Cincinnatus Comments (2199)
 
Tanner, anyone with a clue about Intel knows Otellini wouldn't be sacked. He's one of the best, most respected CEOs in tech, if not the best. I think near term this is going to be negative news, but Intel has a strong executive team behind Otellini that can fill his shoes.
19 Nov 2012, 01:32 PM Reply Like

Cincinnatus Comments (2199)
 
P.s. Even the average clueless fool knows Intel already has an ARM license. It's only the true nitwits that pound the mindless drum of "Intel needs to get an ARM license."
19 Nov 2012, 01:44 PM Reply Like

358456 Comments (11)
 
At long last, We now know who the average clueless fool is.
19 Nov 2012, 11:44 PM Reply Like

Rob Tanner Comments (437)
 
yup. Lack of succession plan is no clue at all. Pushed, sacked, call it what you want.

And the reason Intel should take an Arm license is not to save power.
19 Nov 2012, 12:21 PM Reply Like

FrankArabia Comments (137)
 
He was sacked.

A major CEO does not one day out of the blue retire and leave the company....

Should he be sacked? judging by the share price which hasn't gone anywhere in the last 5 years, yeah, he should.

A lot of CEOs should be sacked but the problem is you have to balance out long term goals with share price movement...unfortunately INTC has failed miserably when it comes to their stock price...the next CEO will know this
19 Nov 2012, 12:23 PM Reply Like

Micah Comments (366)
 
John McAfee will be named CEO as soon as they can find him.
19 Nov 2012, 01:34 PM Reply Like

dmeharc Comments (31)
 
Will Qualcomm or ARM buy AMD? Any further word on McAfee layoffs?
19 Nov 2012, 01:44 PM Reply Like