Intel is banking on WiMax to boost its declining sales. The company will provide the technology to Sprint Nextel Corp., which announced that it will spend $3 billion to create a new network based on the standard. Intel saw a 13 percent annual increase in sales due to its Centrino chips between 2003 and 2005. But profits in the past two quarters have been dropping and Chief executive officer Paul Otellini expects revenues to fall — the first time since 2001 — because of increasing market gains by Advanced Micro Devices, AMD.
Via [philly.com]
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