Seeking Alpha

Respected Intel VP resigning in wake of reorg

  • Dadi Perlmutter, an Intel (INTC -1.8%) VP who presided over the company's far-reaching Architecture Group (responsible for much of Intel's CPU design and manufacturing), will be leaving the company, effective Feb. 20, 2014.
  • Perlmutter, once viewed as a potential successor to Paul Otellini as CEO, oversaw the '03 launch of Intel's Centrino notebook CPU line, and the '06 launch of its Core CPU line.
  • His departure comes a few months after CEO Brian Krzanich assumed direct responsibility for the Architecture Group from Perlmutter as part of a reorg.
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Comments (24)
  • wigit5
    , contributor
    Comments (4248) | Send Message
     
    Guys been working for intel for 34 years is anyone surprised?
    23 Oct 2013, 01:58 PM Reply Like
  • Energysystems
    , contributor
    Comments (1728) | Send Message
     
    Looks like he was passed over, and decided to leave. Nothing wrong with that. Personally, I thought $INTC should have brought in a CEO who wasn't a "career guy". I understand working up the ladder, but the computing world is a lot different today than it was 30 years ago.
    23 Oct 2013, 02:05 PM Reply Like
  • old_timer_in_IT
    , contributor
    Comments (32) | Send Message
     
    The view from the inside:

     

    34 years is a long time. His track record is amazing. He was probably greatly disappointed about the re-organization and probably decided that a PSO-like solution was the best course. All IMHO.
    23 Oct 2013, 02:06 PM Reply Like
  • blade3colorado
    , contributor
    Comments (110) | Send Message
     
    This guy is a "legend" at Intel. This is the ONLY reason for the share price being down significantly today.
    23 Oct 2013, 02:25 PM Reply Like
  • wigit5
    , contributor
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    I suppose it's possible but I think most of the down is due to tech in general being down... chip makers in particular are having a rough go of it from what I can tell..
    23 Oct 2013, 02:28 PM Reply Like
  • blade3colorado
    , contributor
    Comments (110) | Send Message
     
    Just found an article that cites him leaving being the cause of the share price drop . . .

     

    http://bit.ly/1cYh13w
    23 Oct 2013, 02:31 PM Reply Like
  • bcd123
    , contributor
    Comments (47) | Send Message
     
    @blade - MF isn't exactly financial news... I'll write an article explaining how rumors are that he is going to ARM which explains their 5% drop today ;-)
    23 Oct 2013, 06:17 PM Reply Like
  • markitos
    , contributor
    Comments (178) | Send Message
     
    Once Intel passed over Dadi for CEO he sold 1,082M Intel shares. His resignation is NO surprise to anyone who follow insider transactions.
    23 Oct 2013, 02:30 PM Reply Like
  • wigit5
    , contributor
    Comments (4248) | Send Message
     
    Very good note markitos.
    23 Oct 2013, 02:36 PM Reply Like
  • wigit5
    , contributor
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    Wonder if $AAPL will pick him up the rumors of them transitioning away from $INTC seem to be getting louder anyway... why not stoke the pot.
    23 Oct 2013, 02:37 PM Reply Like
  • RWMostow
    , contributor
    Comments (1610) | Send Message
     
    Wigit-

     

    How would non-compete affect / interfere with his going to AAPL?

     

    If were over 60 with his bucks, I'd retire. That's for sure.

     

    -rwm
    23 Oct 2013, 08:24 PM Reply Like
  • wigit5
    , contributor
    Comments (4248) | Send Message
     
    It was just a musing; I'm sure he does have a non-compete which would prevent him working for $AAPL for 'x' amount of years (only if Apple wanted him to design chips though if they put him over say iTunes then he could still work for them). Not sure how Tech company non-competes work but where I am 2-3 years isn't unusual.

     

    I agree with you hes over 60, has an executive compensation package that will be paying him for the rest of his life basically... probably has 100s of thousands of intel shares he can sell whenever he wants (if not millions of shares, although someone mentioned that he sold a bunch when he was passed over for CEO so he may have already rid himself of those).

     

    EDIT: to be fair I have no experience with non-competes in the tech world so his may forbid from him working in the tech sector completely regardless if he is over iTunes or head janitor...
    24 Oct 2013, 09:04 AM Reply Like
  • Qniform
    , contributor
    Comments (3604) | Send Message
     
    His legend also includes challenged interpersonal skills.
    23 Oct 2013, 02:59 PM Reply Like
  • RWMostow
    , contributor
    Comments (1610) | Send Message
     
    Qniform-

     

    Then how did he last so long at INTC?

     

    -rwm
    23 Oct 2013, 08:25 PM Reply Like
  • Qniform
    , contributor
    Comments (3604) | Send Message
     
    Culture of engineers. They're all challenged. :)
    23 Oct 2013, 09:51 PM Reply Like
  • RWMostow
    , contributor
    Comments (1610) | Send Message
     
    Qniform-

     

    Thanks for the explanation. As an outsider, it would have never dawned upon me....

     

    Best wishes,

     

    -rwm
    23 Oct 2013, 10:04 PM Reply Like
  • wigit5
    , contributor
    Comments (4248) | Send Message
     
    Engineers live in a different world, and each type of engineer has their own world... Their brains just see things differently. Wish I was an engineer those jobs pay good money I hear.

     

    -just a jealous jarhead-
    24 Oct 2013, 09:07 AM Reply Like
  • Qniform
    , contributor
    Comments (3604) | Send Message
     
    Oh, you're certainly welcome. In addition to the somewhat different mindset and the reasons for departure Widget also referred to below, there is another factor Intel and other multi-nationals face.

     

    Different cultures have very different social schema that greatly affect the workplace. Please don't take my generalizations the wrong way, but as an example, errors in work product must be approached carefully and differently on parts of Asia.

     

    I also have heard that although great technical results have been achieved by Dadi and the Israeli group, there are very real differences in attitudes about collaboration around larger efforts.

     

    Dealing with these types considerations worldwide could likely fill an article or book - maybe not for SA, though. Psychology Today?
    24 Oct 2013, 09:24 AM Reply Like
  • jammerculture
    , contributor
    Comments (402) | Send Message
     
    34 years is a long time. How old is he? He sold is shares and resigned. Maybe just retiring?
    23 Oct 2013, 03:06 PM Reply Like
  • wigit5
    , contributor
    Comments (4248) | Send Message
     
    He's over 60 according to the SEC filing... I thought retirement too despite the fact that it says hes pursuing other opportunities.
    23 Oct 2013, 03:15 PM Reply Like
  • Chiipy-Nostradamus
    , contributor
    Comments (100) | Send Message
     
    Any chance BRCM, Samsung, AAPL and QCOM have'nt taken note ?
    23 Oct 2013, 08:39 PM Reply Like
  • RWMostow
    , contributor
    Comments (1610) | Send Message
     
    CN-

     

    They all knew before he announced his departure.

     

    -rwm
    23 Oct 2013, 08:50 PM Reply Like
  • Middy
    , contributor
    Comments (8) | Send Message
     
    Ha, ha! Can't a guy just retire ? He deserves it.once his blood pressure goes down, he'll find something he can have an impact on.
    24 Oct 2013, 07:05 AM Reply Like
  • wigit5
    , contributor
    Comments (4248) | Send Message
     
    He certainly could retire Middy, but if thats what he was doing the announcement would have specifically said retire... in this case though it didn't which means he's more then likely in 1 of 2 spots...

     

    1. He got passed over as CEO saw no where to go so figured he would move on and find something else challenging. (Amicable leaving)

     

    2. Doesn't like the direction the company and his position is going, and is unhappy with it on the whole. (Not amicable)
    24 Oct 2013, 09:09 AM Reply Like
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