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Turnaround Talk Lifts Intel

Stock quotes in this article: INTC , AMD  

Faced with slowing PC demand, eroded market share and an inventory glut, Intel's top brass outlined a comeback plan Thursday.

Speaking at the company's spring analyst day event in New York, Intel's executives detailed the company's recent travails, and vowed to turn things around by transforming the 100,000-employee company into a leaner, more agile operation.

"We are very well aware of the realities of our current and future business outlook," said CEO Paul Otellini. "We are taking actions to address those realities." ...

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