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"Intel invented the first microprocessor, the 4-bit 4004, in 1971. Since then the company has gone on to become a corporate powerhouse, growing almost as fast as the transistor count in their CPUs. However, the company has posted some disappointing earnings results recently, including a 38 percent drop in profit for the first quarter of 2006, and has been losing marketshare and mindshare to its rival AMD, especially in the high-end, 64-bit computing arena. Otellini thinks the best cure for the company's blues is an old fashioned corporate restructuring. The CEO announced the plan at an analyst conference today in New York City."
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