Look for INTC to announce they will start making ARM processors in the very near future. Paul just announced that he was retiring early. Thats the BOD saying they are canning him because he wasn't performing. Look for the BOD to get back in the game with a vengence. ARM on 22nm and then 14 nm by fall 2013.
JoAnne Feeney with Longbow Research, who rates Intel shares a Neutral, notes that Otellini, at 61, was well below the mandatory retirement age of 65 at Intel, with “plenty of time on his clock.”
She writes that the announcement six months in advance may suggest an outside candidate is the primary approach by the board, which would be a break from previous “carefully groomed” internal successors at Intel:
We see this announcement — coming as it does without a named successor may very well reflect Otellini’s failure to position the company for the transition to mobile devices sooner than he has. It is also likely that the Board sees that Intel needs a sharp change in direction–not just a change towards mobility markets, but also to include foundry operations or some other move to capitalize on Intel’s manufacturing leadership.