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An Interesting Business Model

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I saw this mentioned today somewhere on CIX. It's Paul Otellini, CEO of Intel, making a speech at the Consumer Electronics Show in Vegas and quoted here by the BBC:

Our business model is one of very high risk: We dig a very big hole in the ground, spend three billion dollars to build a factory in it, which takes three years, to produce technology we haven't invented yet, to run products we haven't designed yet, for markets which don't exist.

We do that two or three times a year.

Hmmmm ...

Tags: qotd Written 30/04/08

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