How bullish is Paul Otellini on Intel’s near-term prospects? Confident enough to tell analysts he expects to double its original growth projects for the next few years.
Otellini is buoyed by Intel’s expansion into new markets and its development of new processors for devices like TVs, mobile phones and in-car equipment. All told, Intel is aiming to ship 1 billion processors a year within five years.
Hardware Central has the story from Intel’s headquarters on Otellini’s optimistic assessment of the company and where it’s headed.
SANTA CLARA, Calif. — Intel CEO Paul Otellini opened the company’s annual analyst day here at its headquarters with a bold claim: He believes Intel can double its original projections for growth over the next few years, thanks to new markets and new products.
That’s going to have some potentially major implications for the kinds and variety of technologies that IT will be looking for Intel to supply in the future — and that Intel will be looking to sell.
During his presentation, Otellini mapped out some of the new markets and platforms Intel hopes to target, many of them with its latest Atom mobile processor but also in new areas such as security as well. He said Intel (NASDAQ: INTC) has been previously projecting revenue compound annual growth rate (CAGR) in the single-digit range, but now Intel believes it can double that as a result of serving existing and new product categories.
