Intel wants to re-architect the data center to rapidly deliver new services efficiently and at scale through the cloud in an age of massively growing network connections and scads of real-time unstructured data, not to mention its need to ensure its own continued relevance and growth.
With no real mobile business to offset the global plunge in PC sales, down lately 11% year-over-year, Intel last week reported Q2 revenues down 5% year-over-year to $12.8 billion while returning earnings of $2 billion in line with expectations. It trimmed its Q3 expectations to $13.5 billion plus or minus $500 million.