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By 2030 China will blow past America as the world’s largest economy and global power will shift decidedly in favor of Asia, a new report from the U.S. intelligence community forecasted on Monday. The prediction comes as the U.S. and Europe struggle to recover from the Great Recession but some emerging economies continue to grow at a far healthier pace. The National Intelligence Council’s Global Trends report concluded that by 2030 Asia will surpass North America and Europe combined in terms of global power, based on gross domestic product growth, population size, military spending and technological investment. Further, the report [...]

SAN FRANCISCO Intel’s outgoing chief executive, Paul Otellini, said he expected to be replaced by a company insider and also signaled that the top chipmaker could open its factories to strategic customers. Otellini’s comments at a Sanford Bernstein investor conference on Wednesday stoked speculation the top chipmaker may manufacture mobile chips for Apple and pushed Intel’s shares higher on Thursday morning. “For the right types of products and not to enable my competitors, I would certainly consider it. There’s a lot of stuff in the pipeline,” Otellini said, according to a Thomson One transcript. “As you know it takes a [...]

SAN FRANCISCO/NEW YORK Intel Corp said on Monday that Chief Executive Officer Paul Ottelini will retire in May, stepping down from the world’s leading chipmaker at time when it is grappling with weak PC demand as the industry shifts toward mobile computing. Intel’s board said it would consider internal and external candidates for the CEO position and it expected the “leadership transition” to last six months. Intel, whose processors are dominant in personal computers, has been slow expand into the fast-growing mobile industry where Apple’s iPads and iPhones, and other popular devices, are made using competing technology from Britain’s ARM [...]

SAN FRANCISCO/NEW YORK Intel Corp said on Monday that Chief Executive Officer Paul Ottelini will retire in May as the world’s leading chipmaker grapples with weak PC demand and an industry shift toward mobile computing. Intel’s board said it would consider internal and external candidates for the CEO position and it expected the “leadership transition” to last six months. Intel, whose processors are dominant in personal computers, has been slow to expand into the fast-growing mobile industry where Apple’s iPads and iPhones, and other popular mobile devices, are made using competing technology from Britain’s ARM Holdings. “We all know that [...]

Chipmaker Intel Corp said on Monday that its chief executive Paul Ottelini would retire in May at its annual shareholder meeting. The 62-year-old Ottelini was the fifth CEO of the company, stepping into the post in the second quarter of 2005. Intel’s board of directors said it would consider internal and external candidates to be the next CEO. It said in a statement that it expected its “leadership transition” would last six months. (Reporting By Liana B. Baker; Editing by Gerald E. McCormick)

Intel Corp forecast fourth-quarter revenue and margins below Wall Street’s expectations, as the personal computer industry weathers a shaky global economy and a persistent shift by consumers toward tablets. International Business Machines reported revenues below analysts’ targets with technology spending held back by a waning global economy, helping send its shares lower. Commentary Intel: STACY RASGON, ANALYST, SANFORD C. BERNSTEIN & CO “I’m always amazed that they can preannounce and still beat it. Although some of it looks like it was from a tax beat — some revenue upside, some gross margins. The Q4 guide is weak, revenue and particularly [...]

SAN FRANCISCO Technology stocks mostly rose in early trades on Tuesday, with blue-chip players Intel Corp. and IBM leading the gains ahead of their earnings reports expected after the closing bell, which will kick off third-quarter earnings season for the tech sector. Intel was up 2.4% to $ 22.25, while IBM rose 0.4%. Yahoo picked up 0.8% following the news on Monday afternoon that it hired a high-ranking Google executive as its chief operating officer. The Nasdaq Composite Index was up 0.3%, to stand at 3,075, while the Philadelphia Semiconductor Index rose 0.7%. NCR fell nearly 1% after rival Diebold [...]

SAN FRANCISCO As tablets and smartphones draw more and more users away from PCs, Intel Corp is facing some difficult questions. Intel, the world’s leading chipmaker, is used to being king of the personal computer market, particularly through its historic “Wintel” alliance with Microsoft Corp, which led to breathtakingly high profit margins and an 80 percent market share. But in the fast-growing and cut-throat mobile world, Intel is struggling – its market share is less than 1 percent of smartphones, trailing Qualcomm Inc, Samsung Electronics Co Ltd, ARM Holdings Plc and others. That leaves some investors, already concerned about a [...]

SAN FRANCISCO Shares of Hewlett-Packard, Dell Inc. and Intel Corp each hit a new 52-week low on Wednesday as an industry report painted a grim picture for the PC market. The three companies are dominant players in the PC market, which IHS projected will post an annual decline in shipments for the first time in 11 years. PC shipments will total 349 million units this year, down 1.2% from 2011, according to IHS. “There was great hope through the first half that 2012 would prove to be a rebound year for the PC market,” IHS analyst Craig Stice said in [...]

Shares of Intel (INTC) slipped nearly 2% to a 52-week low Tuesday morning after the chip maker was slapped with a downgrade and received other negative notes from analysts. Sanford Bernstein cut Intel to “underperform” from “market perform” and lowered its price target on the Silicon Valley giant to $ 20 from $ 24. R.W. Baird cut Intel’s target to $ 26 from $ 32 on an “outperform” rating. The bleak view by both Intel and analysts reflects inflated prices that may soon be pushed lower by the broader market, softening global PC demand and rising competition from rivals like [...]