Technology is Innovating New Economies According to Paul Otellini, Intel CEO

Business Wire, Dec 13, 2007

-Otellini's Remarks Highlight Ninth Utah Technology Council (UTC) Hall of Fame Event in Salt Lake-

SALT LAKE CITY -- Sales of laptop PCs will outpace desktop computers by 2009, according to Paul Otellini, Intel CEO. New mobile interactive devices - and the technologies and Internet access to support them--will continue to revolutionize the world as we know it today.

Otellini shared his remarks to a sold-out audience of close to 900 technology industry participants last week at the Grand America during the ninth annual Utah Technology Council (UTC) Hall of Fame event.

Current technology, and particularly the advances in transistor technology that serve as the basis of all computing, have transformed the world over the past 60 years, Otellini noted. Whereas the first transistor in 1947 could be held in your hand, 400 of today's Intel transistors can fit on the surface of a single red blood cell.

"If these same size and price reductions were applied to today's largest purchases, it would take a microscope to find your house, and the price of a new car would be less than $.01," Otellini remarked.

Otellini also noted that Intel is playing a significant role in bringing computers into the world's classrooms. He also commented that while one billion people in the world currently have access to connected computers, Intel is working aggressively to support technologies that will connect the second and then the third billion users, and to accomplish this goal on a worldwide scale.

At the black tie event, UTC inducted Bernard Daines, Father of the Fast and Gigabit Ethernet, and James LeVoy Sorenson, Medical Device Pioneer, into its Hall of Fame.

"We are extremely pleased to welcome these superb individuals into the UTC Hall of Fame," said Richard R. Nelson, president and CEO of UTC and chairman and CEO of the national Council of Regional Information Technology Associations (CRITA). "This year's Hall of Fame presentation has truly fulfilled its mission as the region's premier technology event."

Paul Otellini joined Intel in 1974. He became the company's fifth CEO on May 18, 2005, succeeding Craig R. Barrett. Otellini previously served as Intel's president and chief operating officer, positions he held since 2002, the same year he was elected to Intel's board of directors. From 1998 to 2002, he was executive vice president and general manager of the Intel Architecture Group. From 1992 to 1998, Otellini served as executive vice president of the Sales and Marketing Group. Previously, he served as general manager of the Microprocessor Products Group, leading the introduction of the Pentium[R] microprocessor that followed in 1993.

Bernard Daines is widely recognized as an expert in Ethernet technology. His expertise covers many achievements and decades of work as a pioneering leader in the network communications industry. Additionally, from its inception until recently, he served as chairman and CEO of Linux Networx.

James LeVoy Sorenson is an inventor, researcher and philanthropist who has more than 40 medical patents in his name. His inventions adorn almost every operating room and intensive care unit in the United States today. His latest project, the Molecular Genealogy Research Project, will allow future generations to compare their DNA, and Sorenson hopes, will help the world realize the "connectiveness of people."

This year's inductees will be joining the prior Hall of Fame inductees Stephen Aldous, Alan Ashton, David Bailey, Bruce Bastian, Nolan Bushnell, Edwin E. Catmull, James Clark, David Evans, Philo Taylor Farnsworth, Jim Kajiya, Alan Kay, Spencer Kirk, Drew Major, Ray Noorda, Dinesh Patel, Shane Robinson, Kevin Rollins, David Spafford, Thomas Stockham, Jr., Ivan Sutherland, Homer Warner and John Warnock.

Image of Daines http://www.utahtechcouncil.org/images/daines.jpg

Image of Sorenson http://www.utahtechcouncil.org/images/sorenson.jpg

About Utah Technology Council

The Utah Technology Council is the essential resource for science and technology companies seeking to develop management talent, sharpen professional skills and raise investment capital. Members can connect and share insights with industry peers, government and academic leaders, professional service providers and venture capital firms. Visit www.utahtechcouncil.org or call 801-568-3500.