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Intel CEO Paul Otellini on his decision to step down and the process of choosing a successor.
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Man who has led this company for about seven -- eight years but he's been there since 1974.
Good to see you Paul.
Paul Otellini -- a Fox Business exclusive.
He joined in 1974.
And at the end of this past -- he said.
I'm -- it was approximately one analyst said when I cut -- leaving is leaving.
Spit out my coffee -- -- nothing funny moment he wasn't surprised why -- you.
You know almost forty years in the company.
You know at some point to say you know -- what I've done as I've done well I think companies in great shape.
There's never -- perfect time believe I'm very comfortable with the team that built underneath thing.
And I know a lot more to do -- life.
All memoirs alerted the piano up -- -- get back up.
You've always wanted to do that but all you've been doing.
He's watching the revolution of everything from the deep breath to Bob -- to the ethernet seem USB ports and it's just unbelievable all of the revolutions that you've seen.
But it leads me to ask.
The successor.
With this -- that 80% of marketshare semi conductors in the world.
Does the success -- comfort inside in.
Tell watcher of them -- -- supports.
I'm only when I'm only one vote.
Com but I I think we have a very good stable of the cool people there -- no one's -- ready -- -- ready for this job you can.
Do you think -- stops and top 100 company.
I'm comfortable that the people that are.
In the wings.
To step up their -- you've made no recommendation that is now.
-- -- get into the I can't tell you that -- All right but let me just say that the three things we hear bandied about are the chief financial officer Stacy Smith.
Brian president she was the CE OO and David -- Perlmutter chief product officer.
Up what does any one of these people what characteristics must they have to take intelligence.
But I didn't and number one thing in his leadership and it's been at the end of the day of work -- now all companies around people were about people were a couple of thousand.
You do believe.
And you need to have some.
Understanding the industry because Intel is iconic.
And we do need arts are part of an industry you have to be an engineer I don't think so -- not -- mention here I think it is okay.
You learn by osmosis and you all speak recently the businesses.
The demand and business what did.
Electronics market.
And most of the people that you know that are being considered are obsolete they're a technical thing or they have.
Strong understanding of the industry and.
How products -- When we expect an announcement on the news you know we'll hopefully before me ninety.
I -- but you're right I I yes I'd put an accident and you know you're looking at all of the competition out there.
Sam -- making their tips is something you'd have to typical.
When people -- why not bring him a real visionary or somebody who might bring a fresh look to it what's your response to them.
Off Italy's not.
What's the last eight years moving the company into -- -- direction getting -- that the phones and tablets.
And big data centers of important people so that we are we are -- very well positioned in the center of the computing industry.
And now just a matter next meeting the strategies I don't think we need a new vision strategy.
You don't have a look at just before we get to the gadgets the -- that you've got -- wanna see these gadgets and by the way the new trend insolvency paycheck is bigger the bigger -- but that's what they're doing.
Your ten year -- -- years if we if we looked at what has happened to this company under U.
For example -- generated cash from operations of a 107 billion dollars.
You paid out 23 point five billion in dividends under -- yet record revenues from -- five -- 2011.
Revenue grew from 38 billion to 54 billion.
Those numbers look good the stock today is down year over here but what.
What what is up 1% today pop up that -- out cable give it credit -- -- percent of what exit.
That we'll get pissed off about that have people stop looking at Intel the commodities just -- -- -- But cannot -- I think but yet -- the real -- typical earnings.
We've grown earnings nicely then as -- earnings growth.
Even if he stays the same spot quite a lot.
That look forward -- we do.
As the as we reinvent the PC reveal what.
And -- -- there.
Now or we're a player and phones and tablet -- -- minute.
That will drive growth and we've got how wonderful business in the data center.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- So we we are in -- -- spot and you know I think there is sort of an -- associated with regard -- -- that's because the PC market is president and in the doldrums -- here well.
At some point those things you know.
In the market but show.
