GO
Loading...

Enter multiple symbols separated by commas

CNBC Exclusive: Intel CEO Says Investment Key To New Markets

In an exclusive interview with CNBC's Jim Goldman, Intel CEO Paul Otellini told of the "great lessons" he learned while bringing the company back to greater profitability.

Otellini said the secret to the company's recent success is the "old axiom, 'the best technology wins' -- and the best technology is really working out." He said Intel's new product launches last year gave the firm a lift and garnered new customers.

The CEO's comments came after he told analysts in New York that he expects profit growth to outpace revenue growth in 2007 and 2008, due to cost-cutting efforts that will improve profit margins.

He added that Intel is on track to save $2 billion in spending in 2007 and an additional $1 billion in 2008, totaling $3 billion.

Otellini said on CNBC that "You don't stop investing. People will continue to pay for performance. And if you can invent new products, you can open new markets."

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

  • Ferrari 488 Spider

    Ferrari's new 488 Spider will have a V-8 turbo engine and a retractable hard-top roof that lowers in just 14 seconds.

  • Members of the New Horizons science team react to seeing the spacecraft's last and sharpest image of Pluto before closest approach later in the day at the Johns Hopkins University Applied Physics Laboratory (APL) in Laurel, Maryland July 14, 2015.More than nine years after its launch, a U.S. spacecraft sailed past Pluto on Tuesday, capping a 3 billion mile (4.88 billion km) journey to the solar system's farthest reaches, NASA said.

    The New Horizons Pluto flyby mission set records for NASA's social media and web metrics——but why do we care so much?

  • Thomas Lee

    This year's flat market is reminiscent of 1904, says Thomas Lee of Fundstrat Global Advisors in an interview with Amanda Drury.

U.S. Video