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Intel (INTC) names COO Brian Krzanich its next CEO; he'll take over from Paul Otellini following...

Intel (INTC) names COO Brian Krzanich its next CEO; he'll take over from Paul Otellini following Intel's May 16 shareholder meeting. Krzanich, who first joined Intel in 1982, was named COO early last year after having overseen Intel's manufacturing ops, and (along with CFO Stacy Smith) became an executive VP at the time Otellini announced his retirement plans. The Street isn't crazy about the move, INTC -1% premarket. (PR)
Comments (15)
  • wigit5
    , contributor
    Comments (4214) | Send Message
     
    No one is crazy about it because they wanted change, promoting the COO isn't a move seen as changing anything just keeping status quo...

     

    I think Otellini started the gears to change though so I'm with holding judgement.
    2 May 2013, 09:14 AM Reply Like
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    Not exactly a dazzling, innovative choice, eh?
    2 May 2013, 09:19 AM Reply Like
  • liu14177
    , contributor
    Comments (6) | Send Message
     
    BK is a tough son of a gun
    2 May 2013, 09:19 AM Reply Like
  • sacathanas
    , contributor
    Comments (1744) | Send Message
     
    Perhaps it is a very strong signal that INTC believes it has a sound strategic plan, likes its direction, and doesn't want to hire anyone that may disrupt the course it is on. I don't want dazzlee, I want execution. If it comes from a 30 year veteran and former COO, so be it.
    2 May 2013, 09:27 AM Reply Like
  • sacathanas
    , contributor
    Comments (1744) | Send Message
     
    Keep in mind this is the second very strong signal in this regard, as this moves follows the announcement of a massive buyback program. I'm long the steak, not the sizzle!!
    2 May 2013, 09:30 AM Reply Like
  • AuroraInvest
    , contributor
    Comments (60) | Send Message
     
    "The Street" think that Intel's strategy has been wrong and wanted a new broom to make the changes to "mobile".

     

    Those of us who are long Intel think that they are doing fine and "The Street" doesn't understand the lead they have in manufacturing and other technologies over the competition.

     

    Promoting Brian Krzanich makes sure the existing strategy gets executed. Hopefully "The Street" will make the share price drop even further and I can pick some more up cheaply.
    2 May 2013, 10:03 AM Reply Like
  • smaharba
    , contributor
    Comments (3) | Send Message
     
    This guy has been with the company for 31 years. When you play a role in building a solid, steady performer like Intel, with its dominant market share, you've earned the chance to lead it.
    2 May 2013, 10:03 AM Reply Like
  • RWMostow
    , contributor
    Comments (1522) | Send Message
     
    smaharba-

     

    You nailed it!

     

    -rwm
    2 May 2013, 12:35 PM Reply Like
  • LeeMosley
    , contributor
    Comment (1) | Send Message
     
    Intel has set out a strong new set of products and a strong direction. Having a member of that team take over to make sure it stays on track is good for me.
    2 May 2013, 10:06 AM Reply Like
  • Ashraf Eassa
    , contributor
    Comments (9249) | Send Message
     
    This is the right candidate for the job. Kudos to Intel for not stupidly hiring an outsider.
    2 May 2013, 10:09 AM Reply Like
  • Richard Sposato
    , contributor
    Comments (10) | Send Message
     
    Paul Otellini started the change of Intel from a mature fabricator of excellent chips to one that continued to manufacture excellent chips but also became an innovative "young" technology company in related areas. INTC for me has been hard to Valuate. What this choice signals for me is a continuation of the policies Paul Otellini began. I personally think Paul started the ball rolling and Brian will probably keep it going. I am very long on INTC. I have Valued the company at 26/share and at 48/share. Either way I think it is a buy.
    2 May 2013, 10:25 AM Reply Like
  • jameskm03
    , contributor
    Comments (110) | Send Message
     
    I like it. "If it ain't broke then don't fix it". Wall Street has a short horizon view of everything. We also know how much the market HATES uncertainty and this move shows a lot of stability and consistency. Intel has a long term view of things and have a lot of promising innovations cooking right now. This will be a smooth transition into a strong second half.

     

    If anything this is a sign that INTC is a mature blue chip that will be around for decades to come. Sure this isn't a company that is going to double soon but I REALLY like the possibilities of it beating the market year after year now that the valuation has fixed itself over the last decade.
    2 May 2013, 11:01 AM Reply Like
  • Critical Thoughts
    , contributor
    Comments (39) | Send Message
     
    It's a good thing "The Streets" don't run the company. Or any company for that matter.
    2 May 2013, 11:14 AM Reply Like
  • AttuAK
    , contributor
    Comments (2) | Send Message
     
    I worry about his move and wonder if this isn't a Craig Barrett re-do. Otellini understood not only the technology, but the technology in the market place. Maybe Rene James can help with this and drive the software transition but I think going with a manufacturing guy is cause for concern in the current markets.
    2 May 2013, 12:07 PM Reply Like
  • Yijing
    , contributor
    Comments (3) | Send Message
     
    I feel that it is a good decision.
    5 May 2013, 09:19 PM Reply Like
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