Intel claims it's grabbed back market share

And he said that it will manage to cut costs by $2 billion this year and $3 billion next year.

Otellini will also cut additional jobs in 2007 to keep profitability high, he said.

The worldwide PC installed base this year is around one billion units, but of those 460 million PCs are older than three years, he said. He forecast that by 2009, 50 per cent of machines sold will be notebooks, two years ahead of an IDC forecast.

Intel has got something called a "tick tock" strategy, presumably nothing to do with Captain Hook and his alarming alarm clock. Intel's goal for this year is to continue to grow volumes and optimise average selling prices. The "tick tock" strategy includes 45 nanometre Penryn this year, 45 nanometre Nehalem in 2008, 32 nanometre Westmere in 2009, and Sandy Bridge, a new architecture at 32 nanometre in 2010.

Intel is ready to launch its fourth generation Intel Centrino Santa Rosa platform, he said.

It will release its first 45 nanometre high K products in the second half of this year and the first quarter of 2008. Silverthorne and 3G/WiMAX will lead to a mobile internet device explosion, he said. µ