Intel Says It’s ‘Recovered’ From Costly Missteps

SAN FRANCISCO (Reuters) - Intel Corp. (INTC.O: Quote, Profile, Research) will miss its 2004 product cost reduction targets because of a widely publicized string of product delays and problems, but those missteps are largely behind it now, the world’s largest chip maker said on Tuesday. "We have recovered from those missteps and the machine is firing on all eight cylinders in terms of new product introductions," Intel Chief Executive Craig Barrett told analysts in a New York meeting monitored via a Web cast.

..While canceling projects like a chip for televisions and a higher-speed version of its Pentium 4 microprocessor, Intel has added extra resources to introduce a chip-making technology called dual-core that boosts the power of computers to churn through multiple tasks at the same time.

Reuters
Intel Says It’s ‘Recovered’ from Costly Missteps