Intel Corporation (INTC) New CEO Aims A Faster Shift To Mobile


Brian Krzanich, the newly appointed chief executive officer of Intel Corporation (NASDAQ:INTC) aims to lead the company into a new generation by implementing a faster shift to the mobile business.

Intel Corporation (INTC) New CEO Aims A Faster Shift To Mobile

In a statement, Brian Krzanich emphasized that Intel Corporation (NASDAQ:INTC) has amazing assets, tremendous talents and unmatched legacy of innovation and execution. He is enthusiastic in working with the company’s leadership team and employees worldwide to lead Intel into the next era and continue its legacy while “moving even faster into ultra-mobility.”

Pros And Cons Of Tail Risk Funds

tail risk fundsEditor’s note: This article is part of a series ValueWalk is doing on tail risk hedge funds. The series is based on over a month of research and discussions with over a dozen experts in the field. All the content will be first available to our premium subscribers and some will be released at a Read More

Brian Krzanich Statement About His Plan

Krzanich will assume his responsibility as the sixth CEO of Intel Corporation (NASDAQ:INTC) during the annual shareholders meeting of the company on May 16. He is expected to introduce his plans soon with employees of the company and eventually to the public. Brian Krzanichsaid, “You’ll see actions over the next couple of months that will start to unfold what that strategy is.”

Many believe that Krzanich’s challenge is to convince investors that he can perform better than his predecessor Paul Otelini in moving the company away from the PC market to the mobile market wherein Qualcomm Inc (NASDAQ:QCOM) is currently the leader in mobile chip.

JMP Securities analyst Alex Gauna opined, “It’s a new kind of task, and he’s an old kind of veteran at Intel. It’s a new battle, a new game, and we’ll have to see whether Brian can adjust his game to the new rules.”

On the other hand, RBC Capital Markets analyst Doug Freedman expects that Intel Corporation (NASDAQ:INTC) might implement a new strategy by next year. He cited the company’s most advanced equipments and facilities are currently devoted to semiconductors for servers and personal computers, not for mobile devices. He said, “Intel’s still not putting their best foot forward in mobile.”

Brian Krzanich emphasized in an interview that Intel Corporation’s (NASDAQ:INTC) shift to mobile under his leadership will happen swiftly. He said, “We see that the world is becoming more mobile. We see that the growth is moving towards those areas, and we believe we have the right assets, right product capabilities to go into those at a much, much faster rate.”

Patrick Wang, analyst at Evercore Partners Inc (NYSE:EVR) believes that Brian Krzanich is ready to assume his responsibility as CEO of Intel Corporation (NASDAQ:INTC).  During a private dinner with investors hosted by Wang, Krzanich faced different questions. Wang said, “He had answers for everything, he was thoughtful, he’s been at Intel forever, and he really had an independent view on things. All night we were poking him with different strategic-type questions, and we thought he did a great job representing the company.”