Friday, May 6, 2005
Intel Corp said it expects to achieve double-digit percentage annual growth in 2005, as it benefits from investments in manufacturing capacity, its platform strategy and emerging markets.
Intel executives spoke Thursday (May 5) in New York at a one-day conference organized by the company for financial analysts.
Paul Otellini, Intel president who takes over from Craig Barrett as chief executive in less than two weeks, told analysts that the company was expecting increasing demand for notebook computer chips, among other areas, according to a Financial Times report.
Otellini referenced Intel's Centrino as the first success in a shift to a platform strategy, according to an Associated Press report. "We've more than doubled the rate of growth of the marketplace by introducing this product and the features associated with it," the report quoted him saying.
Many analysts have predicted a flat 2005 for the semiconductor market or even a contraction of the market, but as Intel has about 15 percent of the market it's bullishness may give them reason to change their forecasts.
By: DocMemory
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