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Any thoughts as to why they are doing this? It really is a shame Intel insists on keeping the mobile boat anchor in CCG. I wonder if that is why Captain Kirk left “for his next career opportunity”? The Q1 conference call should be fun.
SANTA CLARA, Calif.--(BUSINESS WIRE)--Beginning with the publication of Intel Corporation’s first-quarter earnings report on April 19, 2016, the company will revise the presentation of its financial results to reflect changes to certain operating segments. The company is providing the revised financial reporting structure now, as shown below, in order to give visibility into the new model.
Intel's operating segments will be:
Client Computing Group (CCG)
Data Center Group (DCG)
Internet of Things Group (IOTG)
Non-Volatile Memory Solutions Group (NSG)
Intel Security Group (ISecG)
Programmable Solutions Group (PSG)
All other
New Technology Group (NTG)
The company is electing to separately disclose the operating results of NSG, ISecG, and PSG, although none of these operating segments meets the quantitative thresholds to qualify as a reportable operating segment. Intel previously disclosed the results of NSG within the "all other" category and aggregated the results of ISecG and Software and Services Group (SSG) as the "software and services" operating segments.
PSG was formed as a result of our acquisition of Altera Corporation. Additionally, the company formed NTG, which includes Intel's perceptual computing efforts and products designed for wearables, drones and other market segments. Lastly, the company determined that SSG will no longer be an operating segment. SSG's historical results will be included in the "all other" category.
Intel just announced that two of its top executives are leaving the company, a surprise move that puts more control under the recently hired former Qualcomm exec, Venkata “Murthy” Renduchintala....
Dr. Venkata “Murthy” Renduchintala joined Intel Corporation in November 2015 as President, Client and Internet of Things (IoT) Businesses and Systems Architecture Group. This umbrella division is responsible for aligning technology, engineering, product design, and business direction to extend Intel’s strategy and speed execution across the client device and IoT segments – all core to growth in the smart and connected compute era. Renduchintala’s group brings together Intel’s Platform Engineering, Client Computing, IoT, Software and Services, and Design & Technology Solutions divisions as they share a common set of technologies required for client/mobile SoC and connectivity leadership.
Renduchintala has spent a substantial part of his career in the System on Chip (SoC), mobile and IoT areas. Prior to joining Intel, he was executive vice president of Qualcomm Technologies Inc. and co-president of Qualcomm CDMA Technologies, where he led its semiconductor business in the computing and mobile segments. Renduchintala joined Qualcomm in 2004 from Skyworks Solutions Inc./Conexant Systems Inc., where he was vice president and general manager of the company’s Cellular Systems Division. Prior to Skyworks, he spent a decade with Philips Electronics, where he progressed to become vice president of engineering for its consumer communications business.
Renduchintala holds a bachelor’s degree in electrical engineering, a master’s degree in business administration and a Ph.D. in digital communications from the University of Bradford in England.
First Pat Gelsinger, now Kirk. Either one of them would have made a good CEO. Kirk was an idea guy and Intel needs new ideas. I can see why he would be disappointed that an Outsider was brought in to be his Boss.
When Krsnanich became CEO it was made known that he did so on the back of a paper to the Board setting out how he would get into the market for mobile. We now know much of what that paper must have said. I would bet my shirt that it was, "Buy our way in no matter what it takes and rely on our fabrication superiority to do the rest". We also know the outcome. Krsanich has lost Eul, Evans and now Skaugen, to name a few. The silence surrounding especially Skaugen is fairly eloquent. Murthy has been brought in to "drive change". The little I have read of him does not give him any credit for persuasion. There is what is sometimes called a credibility gap.
I am not holding my breath for explanations from the next quaterly conference transcript. I can't bring any of the past ones to mind that told me anything.
