Intel merges units, shuffles suits
Networking and Communications Group is born
Intel is to merge its Network Communications and Communications Products businesses, and reshuffle some senior exec positions.
The Networking and Communications Group, headed by Sean Maloney, executive VP and (until today) director of Intel Sales and Marketing group, will combine Intel's networking semiconductor devices for voice and data networks with its OEM communications platforms and systems, which are aimed at user voice and data online operations.
Mike Splinter, former co-general manager of the California company's Technology and Manufacturing group, will take over Maloney's Sales and Marketing position.
The chip giant also announced the retirement in June of Stephen Nachtshem, Intel Capital VP and director. The 56-year-old has been with Intel for 20 years.
Gerhard Parker, Intel New Business Group executive VP and general manager, is due to retire in May - the 57-year-old has been with Intel since 1969.
Last week Intel warned it aimed to cut 5000 jobs in 2001 - it also said Q1 sales would be worse than previously forecast, around 25 per cent lower than Q4's $8.7 billion. ®