Intel Shakes Up Management Team after Reporting Record Revenue

Even though it's illegal to print your own money, the end result of what Intel's doing isn't all that much different. We're not suggesting the Santa Clara chip maker is running afoul of the law in any way, but when you report full-year revenue of $54 billion, as Intel just did, the results are the same -- money to burn.

It was a record year for Intel, not just in terms of full-year revenue, but also operating income ($17.5 billion), net income ($12.9 billion), and EPS ($2.39). Intel generated about $21 billion in cash from operations, paid dividends of $4.1 billion, and used $14.1 billion repurchase 642 million shares of stock.

"2011 was an exceptional year for Intel," said Paul Otellini, Intel president and CEO. "With outstanding execution the company performed superbly, growing revenue by more than $10 billion and eclipsing all annual revenue and earnings records. With a tremendous product and technology pipeline for 2012, we're excited about the global growth opportunities presented by Ultrabook systems, the data center, security and the introduction of Intel-powered smartphones and tablets."

When things are rolling as smoothly as they are for Intel, you might be inclined to leave well enough alone. But in a separate announcement, the chip giant outlined a number of executive promotions and rotations. Former vice chairman of the board Andy Bryant is being promoted to full-time executive chairman, a move that was announced at Intel's Annual Sotckholders' Meeting in May. But perhaps the biggest change is the promotion of Brian Krzanich to chief operating officer. Krzanich suddenly becomes a prime candidate to eventually replace Paul Otellini as CEO, a position that many assumed would go to executive vice president Sean Maloney before he suffered a stroke in 2010. Maloney is fully recovered at this point, but as The Wall Street Journal points out, he's had a lower public profile in the U.S. after serving as chairman of Intel's China operations.

There were many other changes made to Intel's executive team, which you can about in detail here.
Via:  Intel
Tags:  Intel, Business, revenue
cowboyspace 2 years ago

After a great year a change won't be bad. I don't think Amd is happy about this lol

LLeCompte 2 years ago

Chipzilla keeps making the bank. Good job to them.

omegadraco 2 years ago

I am not sure if record profits warrants shaking up management.... Hmm.

AKnudson 2 years ago

Amd is trying to stay in the game, and they are doing pretty good at it, intel had had a record year but AMD is really upping their product lines and going for the lower priced markets, even businesses, i have seen AMD computers pop up in my office all year.

karanm 2 years ago

I thought after AMD bought out ATI they might have a fighting chance with Fusion and their Bulldozer line, but Sandy bridge just blew AMD out of the water and the upcoming Ivy Bridge line from Intel will be another slap in the face. As the article states Intel's foray into ultrabooks and the upcoming tablets and phones will also boost their income, also if they get into iphones and ipads with their Medfield architecture then there is just no stopping this juggernaut.

cowboyspace 2 years ago

AKnudson you have an office ?O_O how come you are 19 years old 'O_o

cowboyspace 2 years ago

@ karanm the graphics performance of Trinity will better than ivy bridge.Ivy Bridge, will be better for the pure CPU processing power.

karanm 2 years ago

The Trinity APU with its 7000 series graphics does look impressive but anybody playing games will go with a dedicated graphics card thus making ivy bridge's faster cpu the better choice. If your not playing games then my experience with Intel's GMA or 3000 graphics has been excellent for movies (even bluray with intel 3000. Cant comment on 3D because i dont have a 3d tv or monitor :( . Ivy bridge will have intel's 4000 graphics and that will be a step up from sandy bridge. I think the same thing is gonna happen with ivy bridge and trinity in 2012 that happened with sandy bridge and fusion in 2011. The faster cpu is gonna be the ideal choice for gamers and people wanting to future proof their pc ( an almost impossible task i know) while the slower cpu with better graphics will be the choice for budget builds as well as HTPC's. The fusion apu is an excellent choice for HTPC's since the onboard graphics can be crossfired with another amd video card and trinity might take that concept to the next level but again for enthusiasts like most of the people on this site i'm guessing ivy bridge with a PCI 3.0 mobo and a top of the line video card will be the setup of choice.

If anybody else thinks otherwise please post because im planning to build a HTPC around the fusion platform in the second half of 2012, at this point i was going to add in a low end 6000 series amd video card in crossfire to boost graphics performance for 3d movies only. I have a separate gaming machine and a ps3 so this machine will be for media purposes only. Gonna use the fusion platform to keep costs down and then invest in the best 3d tv i can find by the end of the year.

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