Intel revs up to reverse financial course
It's pretty clear, given its recent financial filings, that Intel has to do something big and something quick to change its continuing descent as a chip leader. It's forecasting a drop of 3 percent in revenue for this year, and there's layoffs coming within the next three months. Yet Intel CEO Paul Otellini says staff reduction is just a small portion of the restructuring and revamping he's got in mind. He's looking to trim spending by $1 billion and "repurpose and resize" for the future.
For more on Intel's road to recovery:
- read this article at Computerworld
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