Intel Corp (INTC)

[mas]

The failure of Intel to be at the forefront of the mobility explosion was primarily due to lack of vision/investment and complacency and that buck stops at the CEO. If the $7.7bn used to buy McAfee had gone to continue with XScale or even to have accelerated the current Atom roadmap by 2 years Intel would have been at the forefront of this growth market in computing rather than lagging so this was a judgement call that was not optimum in hindsight. This is not a terminal mistake as Intel is catching up now with better designs and its higher process improvement cadence.