Intel Chief Chips Away at Plan Beyond PCs
Intel Corp. Chief Executive Paul Otellini is making acquisitions to compete beyond PCs.
Mr. Otellini pulled off three deals this summer aimed at building Intel’s business outside computing, where its microprocessor chips dominate. The urgency to do so became clearer late last month, when turbulent conditions in the personal computer market made Intel trim its third-quarter projections.
Intel’s revised guidance still calls for revenue growth of 15% to 19% over the year-earlier period. But even a healthy PC market won’t provide enough growth to satisfy Intel and its shareholders, Mr. Otellini says. So he has pushed to broaden the Silicon Valley giant’s business to chips for smartphones, consumer electronics devices, cars and other products.
