Friday, March 2, 2012

CEO: Intel recovered from missteps

CHARLOTTE, N.C. - Intel Corp. chief executive Craig Barrett saidTuesday the company has "recovered" from product missteps thatplagued the chip maker during the first half of the year.

"I think the machine is firing on all eight cylinders in terms ofproduct introductions," Barrett said during the company's analystmeeting, which was broadcast over the Internet.

Throughout the year, Intel has struggled from making the wrongbets on microprocessor production to failing to meet deliveryschedules. Its rival, Advanced Micro Devices Inc., has been givingIntel a run for its money this year with new product introductions.

According to Barrett, the Santa Clara, Calif.-based company stillsees an "immense growth opportunity" in the communications market andhas "fully recovered" from the pricing missteps in its memorybusiness. Over the past two or three quarters, Intel gained backshare in memory chips, Barrett said.

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