This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Intel Will Die if It Doesn't Think and Act Differently

Stocks in this article: INTC RIMM NFLX HPQ AAPL MSFT

Then there's my perspective.

You've hitched yourself to a dying PC market. So, much of your fate depends on what happens at Microsoft (MSFT - Get Report). There's a better than zero chance Apple (AAPL) will stop doing Macbook business with you soon and there's probably no way you get your processors into iPhones or iPads.

You're a company in disarray. Poking in the dark. You have invested hundreds of millions in ultrabooks. You threw some money at some cable television initiative we no longer hear anything about. And you put cash into automotive technology. Where is that going?

Intel needs a visionary CEO, not a chip geek, to come in, put the kibosh on hobbies that will likely go nowhere and reposition the company as a powerhouse. You're simply not going to find that person via the run-of-the-mill look at internal candidates, interview the names the media spits out process.

I wouldn't balk at either Forstall or Sinofsky, but I agree, they're better fits at Microsoft than they are Intel.

Honestly, I don't know who Intel should hire. But I do know this -- the Otellini thinks it's time to retire press release apparently shocked people who have followed Intel for years. Wow! They do not have a successor lined up for the first time since 1842. And they might hire from outside the company!

Oh. Ah. How bold.

Don't misconstrue what I said in Monday's article. That's like misunderstanding Cramer's prediction of 440 electoral votes for Obama.

Sometimes you have to use hyperbole to make a point. I don't think Intel should hire Jack Dorsey as CEO or even consult with the guy, though the latter could make perfect sense.

Rather, its press release needed to say something such as We will commission the greatest visionaries of the last five years in Silicon Valley to help Intel pave a way forward after Otellini. We will call on these minds to help us find our next CEO. Young and vibrant. Ready to turn tech on its collective ear.

Listing Otellini's accomplishments and noting that we'll do what every other old guard company does when it needs a new executive just doesn't cut it.

Rocco Pendola is TheStreet's Director of Social Media. Pendola's daily contributions to TheStreet frequently appear on CNBC and at various top online properties, such as Forbes.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,678.70 +6.10 0.03%
S&P 500 2,057.09 +5.27 0.26%
NASDAQ 4,771.7630 +13.8840 0.29%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs