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February 10, 2009
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We were on hand this morning at the JW Marriott for a dramatic announcement by the CEO of Intel. Despite the deep downturn in semiconductors, they're going to invest $7 billion over the next two years in "32-nanometer" microprocessors. We don't really know what those are, but were impressed that he said you can fit 60 million of them on the head of a pin.


CEO Paul Otellini (left, with Carlyle CEO David Rubenstein) has run Intel for nearly four years, presiding over its highest revenues and earnings in history, but recently had to announce a 23% drop in Q4 earnings. Yet his speech today was one of huge optimism, saying "crisis as opportunity" is embedded in the Intel culture. He quoted predecessor Andy Grove as saying good companies survive during crisis, but great companies improve.

Apatoff Peters

Also this morning at the Intel speech, we snapped new White House social secretary Desiree Rogers, a Chicago businesswoman and close friend of the Obamas, who said she's looking forward to meeting the local business community. With her, Aspen Institute CEO (and former head of CNN) Walter Isaacson. Intel also announced it will be underwriting a dialogue with top technologists through the Institute to foster new advances.

"Fatter, Faster, and Cheaper"

Our subhead sounds like a McDonald's slogan, but it's actually the FCC's motto when it comes to broadband. This morning we also made it to the Tysons' offices of Patton Boggs to hear the latest in federal communications from agency commissioner Robert McDowell. Robert says the nation's broadband network is good (the OECD ranks the US 15th in the world), but not great. He said 42%  of US households have broadband compared to 23% in the EU (it turns out Alaska has denser broadband than France). "We're in the process of getting more efficient, so everyone will have access, but it takes time," he says. Oh, and that switch to digital television? "It's going just great," Robert said with a huge smile.


Conference ConCepts' Kat Pate and Dede Haas showing off a poster for their upcoming Advanced/Micro TCA Summit. Dede is going back to her beach house in Lewes while Kat is heading home to Albuquerque where she moonlights as a belly dancer. (See what you learn here?)

DIAMOND Marketing

We know Fred Diamond as the tech marketing guru behind DIAMOND Marketing, but we've always wondered: Is that really his name? "I used to be a DJ after college, and whenever someone asked, I always answered, 'No, my name is really Tony Diamond,'" he jokes. Fred, who acts as an outsourced marketing VP, grew up in Philadelphia, and has spent time in Silicon Valley at Apple, in Houston with Compaq, and in Detroit with Compuware. He still roots for Philly sports teams but is busy getting his tennis game ready for spring.

David Stegon is at ITAA gala tonight! Send story ideas to David@Bisnow.com

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