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Intel CEO Paul Otellini to retire early

Nov 20 2012, 11:00 IST
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Otellini will retire in May at the age of 62, earlier than the company's mandatory retirement age for CEOs of 65.  (Reuters) Otellini will retire in May at the age of 62, earlier than the company's mandatory retirement age for CEOs of 65. (Reuters)
SummaryOtellini will retire in May at the age of 62, earlier than the company's mandatory retirement age for CEOs of 65.

smartphones is less than 1 percent, trailing Qualcomm Inc , Samsung Electronics Co Ltd, ARM Holdings Plc and others. That leads some investors, already concerned about a lackluster global economy, to ask if Intel's supremacy has come to an end and whether the company's potential for profit and revenue growth may be limited.

Intel's shares closed up 0.3 percent at $20.25 in Nasdaq trading on Monday. Shares of Advanced Micro Devices, Intel's smaller rival in PC processors, rose 3.22 percent to $1.92.

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