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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Amy J who wrote (121814)	12/10/2000 7:13:35 AM
From: Mary Cluney	Read Replies (1) \| Respond to of 186894

Amy,<<<Articulating Intel's business doesn't equate to having operations or management skills. I'm not implying anything negative about Kumar's skills, but am implying something positive about Bryant.>>> I don't know myself how much of what I was proposing was in jest. The more I think about it, the less funny it becomes. The role of CFO at Intel, with income and expenditures greater than some members of the UN, calls for less involvement with the minutia of operations and management skills than a broader vision that is supported by wisdom gained from a lifetime of rich experiences. Andy Bryant obviously did not get to where he is without proven success at lower levels where perhaps his talents are more suited. The Peter Principal was formulated in jest and if memory serves stated to the effect that a person is often times (and sometimes inevitably) promoted within a company until a level where he/she becomes incompetent. In my opinion, and from personal observation of operations in many companies, the Peter Principal is more often right on. Andy Bryant, in my opinion, has so painfully and obviously, exceeded the Peter Principal. Whether Ashok Kumar is the proper replacement is more problematic. I invoked Ashok Kumar's name as a way to highlight Andy Bryant's deficiency - that is, to make himself clear as to when he is presenting Intel's financial condition to a broad section of the financial community and making forecasts going forward that can be understood and that has some accuracy. WRT my discussion and digression to the requirements necessary to be CEO of Intel, I was perhaps inspired by recent Intel missteps. I too think that Craig Barrett is currently the best suited person to be CEO at Intel. But like a lot of other things, not all situations lend itself to be painted either competely black or white. Craig Barrett has some obvious deficiencies that could easily be remedied by 1) facing up to it and 2) getting some help. The CEO does not have to have all the skill sets required to run a company. He has to know where his strengths are and where he needs help. Craig Barrett needs immediate help at the CFO level. Mary