Intel Corp (INTC)

[Golfbum]

BTW, RR was pretty specific about additional cost saving ideas but short on whizzy products. They're going only after "big" deals to save on sales and backend support costs. They're going completely automated layout and minimizing the number and types of different modules. I suspect that eliminating GloFo and the separate layout costs to another set of process libs is on the short list as well.

All of this leads to more layoffs to save money. They claim they will remain above their $700M min cash threshold thru this year.

I think it's more layoffs that get them there instead of improved sales of traditional products that compete with Intel. Most likely SeaMicro and embedded gameboxen from the usual suspects will be their revenue sources this year and in the future.

Hence the repeated use of the word "execution."

gb