Intel won't spin-off flash memory business

Posted on Thursday, May 25 2006 @ 21:25 CEST by Thomas De Maesschalck
Intel's CEO Paul Otellini says the company is currently not thinking about spinning off its memory chip business:
"What we are thinking about is simply allowing the memory factory team to work much more tightly aligned with the design team," he elaborated.

Otellini is engaged in a review of Intel's operations, especially after last week its world crumbled when favourite customer Dell became so alarmed while gazing at its own bottom line it decided to allow a few AMD Opteron chips onto its virtual pages.

Intel's flash memory operation is believed to have lost more than $450 million over the last three years.
More info over at The Inquirer.

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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