By-the-numbers MBAs are not always a good fit for U.S. companies. Particularly those in the business of product innovation. Just imagine a bean-counting mathematical-model-driven MBA running Apple.MBA-as-CEO is a point eloquently made by Bob Lutz, the former Vice Chairman of General Motors. While MBAs have a role to play, the by-the-numbers, post-1970s variety sitting at the top of the corporate chain of command can be devastating … Read more
Advanced Micro Devices lost a considerable share of the chip market to Intel in the first quarter, as the latter rebounded easily from a chipset glitch, according to a report today from IHS iSuppli.
AMD accounted for 10.1 percent of global microprocessor revenue in the first quarter of this year, falling from the 11.8 percent share during from the same period last year and down from 10.9 percent in the fourth quarter, according to the report.
AMD's loss was pretty much Intel's gain. Intel during the first three months of this year claimed 82.6 … Read more
A fire broke out today at an Intel chip plant in Arizona, injuring seven people. However, the chipmaker said it would have no impact on production.
The fire was in a "support building" next to an Intel fabrication facility--referred to as a "fab," Intel spokesman Bill Calder said in a response to an e-mail query. Among the seven injuries, one was serious, Calder said.
Five people went to the hospital, and the others were treated and released, according to an update from Intel late this evening.
The support area contains solvents used as part of the … Read more
Microsoft revealed more about the plight of Netbook sales in the age of the iPad during the company's third-quarter earnings conference call today. This follows statements by Intel's chief financial officer earlier in the month.
The Redmond, Wash., software giant said today that the consumer PC market declined 8 percent in the most recent quarter and part of that was due to "a 40 percent decline in Netbooks," according to a statement by Bill Koefoed, general manager of investor relations, during the earnings conference call.
"In total, we estimate the PC market declined 1 percent … Read more
Motorola Mobility beat analyst estimates, saying it shipped over 250,000 tablets since the Xoom went on sale in February, as the company reported better-than-expected results today.
The Libertyville, Ill., company reported a first-quarter net loss of $81 million, or 27 cents a share, compared with a net loss of $212 million, or 72 cents a share, during the same period last year. Revenue grew 22 percent to $3.03 billion.
The company reported an adjusted net income loss of 8 cents a share. The analysts' consensus was for a loss of 11 cents a share on revenue of $2.… Read more
New estimates for sales of Motorola's Xoom tablet--available since late February--are in, but even the most optimistic predictions are scarily small and pale next to the iPad 2's first-weekend sales numbers.
With Motorola Mobility due to report first quarter earnings on Thursday, analysts today released a new round of sales estimates for the first tablet from a first-tier supplier to sport Google's Android 3.0 operating system.
Let's break this news gently and start with the most rosy forecast. Sanford Bernstein analyst Pierre Ferragu expects Motorola to announce it shipped 200,000 Xooms, according to an … Read more
Intel posted blockbuster first-quarter net income of $3.2 billion, up 29 percent over the same period last year. Revenue came in at $12.8 billion, up 25 percent year-over-year.
Earnings per share were 56 cents (and 59 cents non-GAAP). Analysts had been expecting 46 cents a share.
In the same period last year, the chipmaker's revenue was $10.3 billion, or 43 cents per share. Last year's first-quarter profit was $2.4 billion.
"The first-quarter revenue was an all-time record for Intel fueled by double-digit annual revenue growth in every major product segment and across all … Read more
The Intel executive who led Intel's so-far-unsuccessful push into smartphones and tablets quit as that business comes under unrelenting competitive pressure from companies like Apple, Qualcomm, and Nvidia.
Anand Chandrasekher, who had been senior vice president and general manager of Intel's Ultra Mobility Group, announced today that he will be leaving Intel to "pursue other interests." Effective immediately, Mike Bell and Dave Whalen, both vice presidents of Intel Architecture Group (IAG), will co-manage the group, which is responsible for building Atom chips that go into smartphones and tablets.
This follows the departure last year of Eric … Read more
President Obama spoke at an Intel chip manufacturing facility in Hillsboro, Ore., today and praised company co-founder Andy Grove for his commitment to America.
Obama toured a cutting-edge Intel manufacturing facility with host Paul Otellini, CEO of Intel. The president made a stop in the San Francisco Bay Area yesterday and met with Silicon Valley tech leaders, including Apple CEO Steve Jobs and Facebook CEO Mark Zuckerberg.
"We just had an amazing tour. One of my staff said it's like magic. I had a chance to see everything from an electron microscope, to the inside of the microprocessor … Read more
President Obama's attendance on Friday at a groundbreaking ceremony for an Intel manufacturing facility in Oregon comes at a critical moment for Intel, whose PC-centric chip manufacturing is being challenged by large, smartphone-centric Asia-based rivals.The world's largest chipmaker announced last year that it would spend between $6 billion and $8 billion on U.S.-based manufacturing in Oregon and Arizona. Primarily targeted at building processors for the next generation of laptop, desktop, and server computers.
Obama is scheduled to attend a ceremony, hosted by Intel CEO Paul Otellini, for a future Intel plant that taps into some … Read more