Intel struggling, says New York Times
The New York Times rakes chip giant Intel over the coals today.
Barely four paragraphs into the story, longtime Silicon Valley observer John Markoff gloomily observes, "For two decades, Intel has been the most sure-footed of Silicon Valley companies. But lately, it seems to have lost its way.
Markoff lets Ashok Kumar, a financial analyst at Raymond James & Associates, drive another nail:
"They have made many wrong decisions and now it's time for soul-searching and structural, not cosmetic, changes."
The rest of Markoff's article focuses on the various challenges incoming Intel CEO, Paul S. Otellini will face.
One bright spot: a transaction Silicon Valley Watcher spotlighted last month: "Clearwire, a digital wireless start-up being led by Craig McCaw, a cellular telephone pioneer. Clearwire hopes to capitalize on the unproven long-range version of the WiFi digital wireless standard called Wi-Max and Mr. Otellini clearly hopes the technology will be a disruptive one."
The Disco Ball of Failed Hopes and Other Tales From Inside Intel by John Markoff, New York Times, 29 November 2004
Tech Watch: Intel invests in Clearwire by Doug Millison, SiliconValleyWatcher.com, October 25, 2004
What's the story? Doug Millison also edits OnlineJournalist.org, "on a need-to-know basis"