Intel Corp (INTC)

[fastpathguru]

Kate is stating the truth, one that Michael Dell himself would agree with when he replaced Rollins. No one is throwing anyone under the bus.

Kate may be stating the truth, but is she stating the WHOLE truth? Or just the parts that she's comfortable with?

135. In the following months, Otellini also had increasingly emotional and frank
exchanges with Michael Dell himself. On November 4, 2005 Otellini reported internally in a
“Confidential – DO NOT FORWARD” email about “one of the most emotional calls I have ever,
ever had with [Michael Dell].” In this email, Otellini wrote:
- [Michael Dell] opened by saying “I am tired of losing business” … he
repeated it 3-4 times. I said nothing and waited.
- He has been traveling around the USA. He feels they are losing all the high
margin business to AMD-based sku’s …
- He is ‘tired of being behind for 4 years (when I protested that it was 2, he
said, no the last 2 years, this year, and next year).
- As a result, “Dell is no longer seen as a thought leader”
136. On November 10, 2005, Michael Dell followed up with an email to Otellini: “We
have lost the performance leadership and it’s seriously impacting our business in several areas.”
Otellini’s reply: “There is nothing new here. Our product roadmap is what it is. It is improving
rapidly daily. It will deliver increasingly leadership products … Additionally, we are
transferring over $1B per year to Dell for meet comp efforts. This was judged by your team to
be more than sufficient to compensate for the competitive issues.” (Emphasis added).

fpg