Adul
Elite Member
http://msnbc.msn.com/id/4892329/
A year ago that scene might have unflatteringly symbolized Barrett's tenure as chief of Intel. Here was a man who had the impossible task in 1998 of succeeding Andy Grove, an American corporate icon to rival Jack Welch; if Silicon Valley had a Mount Rushmore, Grove's image would be among those chiseled into it. Anyone following Grove would have a challenge, but the times conspired to make the situation even more difficult. Under Barrett's watch and as a result of some of his own decisions, Intel was ravaged by the tech crash and undermined by the company's own extensive investments in dot-coms and forays into new ventures. The microprocessor behemoth makes the chips that power eight out of 10 PCs, but that wasn't enough to ensure fiscal health. Between November 2000 and January 2003, Intel's stock price plunged by two thirds and the press and pundits piled on, wondering if the better days of a Valley legend were behind it.
A year ago that scene might have unflatteringly symbolized Barrett's tenure as chief of Intel. Here was a man who had the impossible task in 1998 of succeeding Andy Grove, an American corporate icon to rival Jack Welch; if Silicon Valley had a Mount Rushmore, Grove's image would be among those chiseled into it. Anyone following Grove would have a challenge, but the times conspired to make the situation even more difficult. Under Barrett's watch and as a result of some of his own decisions, Intel was ravaged by the tech crash and undermined by the company's own extensive investments in dot-coms and forays into new ventures. The microprocessor behemoth makes the chips that power eight out of 10 PCs, but that wasn't enough to ensure fiscal health. Between November 2000 and January 2003, Intel's stock price plunged by two thirds and the press and pundits piled on, wondering if the better days of a Valley legend were behind it.
