IT & Network Infrastructure : Intel's Processor Strategy for 2011-12: 10 Shareholders` Meeting Takeaways
No Intel Smartphones Until 2012
Intel CEO Paul Otellini had to deliver the news that the company won't be coming out with smartphones in 2011, thanks to a major partnership with Nokia that dissolved in February. "We have freed up those resources and turned that design into a form factor/reference design. We're shopping that now to a number of manufacturers ... and we've had good success. You'll see the first Intel-based phones (using new Medfield chips) in the market the first part of next year ... in hindsight, Nokia was the wrong partner to have picked," Otellini said.
Intel found itself answering "no" to some important questions May 17 at the company's annual shareholders' conference here on its Silicon Valley campus. For example, the company will not be coming out with its long-awaited smartphones until next year, and it will not pursue the development of ARM Holdings's ARM (Advanced RISC Machine) chip reference design for handheld devices. Why? Been there, done that, and it didn't work, Intel President and CEO Paul Otellini told investors in a crowded auditorium on May 17. However, there was plenty Intel is saying "yes" to. It's investing a lot of time and capital into emerging markets, such as China, Japan, South America and Eastern Europe; it's changing its focus on servers to data center equipment that includes networking and storage; and it's coming out with a new product line of MIC (many integrated cores) processors that will take the multi-core concept to an entirely new level. This slideshow highlights the key takeaway information points from the annual meeting.