Intel names COO, a possible CEO successor
SAN FRANCISCO (Reuters) – Intel Corp will promote 20-year company veteran and manufacturing expert Brian Krzanich to the post of chief operating officer, making him a frontrunner to one day replace Paul Otellini as chief executive.
The promotion, effective within the next 30 days, is part of a broader management reshuffle that comes a day after the company reported fourth-quarter results that beat Wall Street’s modest expectations.
Intel shakes up management, appoints COO
SAN FRANCISCO, Jan 20 (Reuters) – Intel Corp (INTC.O: Quote, Profile, Research)
unveiled a string of management changes on Friday, elevating
20-year company veteran and manufacturing expert Brian Krzanich
to the post of chief operating officer and raising his stature
as a possible future CEO.
The reshuffle comes the day after the company, led by Chief
Executive Officer Paul Otellini, reported fourth-quarter results
that beat Wall Street’s modest expectations.
Intel boosts capex, beats tempered expectations
SAN FRANCISCO (Reuters) – Intel Corp sharply increased its capital expenditure budget for 2012 in a bid to catch up in tablets and smartphones and to extend its lead in corporate data centers.
The chipmaker’s fourth-quarter earnings beat scaled-back expectations on Thursday as it faces a tough PC market hit by a weak economy and shortage of hard drives.
Intel quarterly revenue forecast meets expectations
SAN FRANCISCO (Reuters) – Intel Corp forecast quarterly revenue in line with Wall Street’s expectations as a shortage of hard drives disrupts PC production in a market already hurt by a shaky economy and a growing preference for tablets.
Intel warned last month that the damage wrought by flooding in Thailand – the world’s largest producer of computer drives – would curtail December-quarter earnings.
Day in the life of a fund manager at CES
Las Vegas (Reuters) – Hampton Adams has been one of CES’ most loyal devotees for 15 years. But unlike a good chunk of the 140,000-plus who descend on the world’s largest technology showcase every January, the portfolio manager is less keen on fiddling with cutting-edge technology than picking winners.
Adams, and thousands of his peers with real money burning holes in their pockets, dives gamely into the throngs of jostling gadget geeks and harried executives at the annual Consumer Electronics Show year after year. There, he kicks the tires on new gizmos; plies executives with tough questions; annoys a string of marketing reps; and tries to smash glass screens — all in the name of seeing first-hand which technologies seem a good long-term bet
Day in the life of a fund manager in Vegas
Las Vegas (Reuters) – Hampton Adams has been one of CES’ most loyal devotees for 15 years. But unlike a good chunk of the 140,000-plus who descend on the world’s largest technology showcase every January, the portfolio manager is less keen on fiddling with cutting-edge technology than picking winners.
Adams, and thousands of his peers with real money burning holes in their pockets, dives gamely into the throngs of jostling gadget geeks and harried executives at the annual Consumer Electronics Show year after year. There, he kicks the tires on new gizmos; plies executives with tough questions; annoys a string of marketing reps; and tries to smash glass screens — all in the name of seeing first-hand which technologies seem a good long-term bet
Shadowing a fund manager at CES
More than 140,000 people descended (or will descend) on Las Vegas this week to kick the tires on a new wave of consumer electronics gadgets. Of those, a relatively small contingent (estimared? 3,500) are portfolio managers and other financial professionals earnestly seeking to place informed bets on the Next Big Thing.
We tagged along as Hampton Adams, head of research and a portfolio manager at Pasadena, California-based Gamble Jones Investment Counsel, hiked around a CES showfloor spanning 30 football fields in a pair of comfortable loafers, taking a first-hand peek at the technology industry’s latest offerings.
Motorola, Lenovo sign on to first Intel-powered smartphones
(Reuters) – Intel announced multi-year pacts with Motorola Mobility and Lenovo to develop smartphones and tablets, and said the first Google Android phones using the top chipmaker’s processors would go on sale this year.
Speaking at the Consumer Electronics Show in Las Vegas on Tuesday, Intel Chief Executive Paul Otellini said Lenovo would launch a smartphone for the Chinese market using Intel’s newest chip in the second quarter of the year, while Motorola will release its phone in the second half.
Chip start-up SuVolta secures scarce venture capital funding
SuVolta, a Silicon Valley start-up working to slash power used by microchips, has secured $17.6 million in new funding from its venture capital backers to help it continue its research.
The funding round came from existing investors Kleiner Perkins Caufield & Byers, August Capital, New Enterprise Associates, Northgate Capital and DAG Ventures, and for the first time included Bright Capital.
Federal judge blocks California emissions rules
SAN FRANCISCO (Reuters) – A judge blocked California’s signature attempt to lower greenhouse gas emissions, a victory for out-of-state ethanol producers and refiners that has California’s air quality board vowing to appeal.
U.S. District Judge Lawrence O’Neill in Fresno on Thursday issued a preliminary injunction against a regulation adopted by the California Air Resources Board in 2010. The regulation unconstitutionally discriminates against out-of-state producers and tries to regulate commercial activities outside California, O’Neill found.
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