Features

Recession solution is new products

Staff
Tuesday February 26, 2002

SAN FRANCISCO — To recover from its worst-ever recession, the high-tech industry needs to create better new products said Intel Corp. chief executive Craig Barrett Monday, while speaking at the Intel Developer Forum in San Francisco. 

He said Intel’s decision to continue spending on research, development and manufacturing during the downturn is paying off as the company is now producing faster and cheaper processors than ever before. 

“The only way to get out of a recession is with new products,” Barrett told about 4,000 attendees of the Intel Developer Forum. “Old technology does not sell. ... You need to continue to invest.”