We believe PC growth rates have moderated over the course of the past few quarters, leading to slower chip-level inventory reductions at our customers and affecting our revenue in the first half of the year.
More Quotes from Paul Otellini:
But we're not going to take 90 days to take action.Paul Otellini
We designed this product for where we believe the Internet is going. We really have tried to anticipate the growing application base for Internet applications and usage.
Paul Otellini
Today's announcement signals our confidence in the growth, earnings and cash generating potential of our business,
Paul Otellini
In order for us to deliver this we have to integrate the big-screen capability, the PC capability, and the Internet experience. This is a combination of hardware and software that delivers a new media experience.
Paul Otellini
At one level it's clear that the dam has broken. There's an inevitable move to use the Internet as a distribution medium and that's not going to stop.
Paul Otellini
In recent years, the notebook has seen great evolution, but the good old desktop has not. But the desktop still has an enormous installed base desktops are more than 70 percent of all PCs sold, about 85 million units per year.
Paul Otellini
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