Intel chief vows a serious revamp

Intel CEO Paul Otellini said his company must make some dramatic changes to save $1 billion and better compete against rival Advanced Micro Devices. Rather than a generic large-scale layoff, "You will see us restructure, resize and repurpose Intel for the future,'' he said. There's speculation that Intel might exit some prominent businesses entirely, such as high-end processors like Itanium and memory chips. Either move would be ugly but effective.

For more on the changes:
- read this Mercury News article

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