Report: Intel will restructure, CEO says

The restructuring will be the largest at the company since the mid-1980s

A broad restructuring will affect all parts of Intel Corp., CEO Paul Otellini told financial analysts today in New York, The Wall Street Journal reported in its online edition.

The restructuring will be the largest at the company since the mid-1980s and is being undertaken to contend with the combined force of slower PC sales and tougher competition, the Journal reported Otellini as telling analysts.

More details on the reorganization are expected later this year.

Developing story. More to come.

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