Intel at a Crossroads
On July 15, 2003, when CEO Craig Barrett rallied the faithful in celebration of his company's 35th anniversary, Intel had just emerged from a damaging downturn in the semiconductor industry. To mark the occasion, Barrett and other top execs buried a time capsule to be unearthed in 2018 on Intel's 50th anniversary.
Filled with about 100 items that had brought the Santa Clara (Calif.) chipmaker good fortune that year, the time capsule was designed in part to help commemorate Intel's (INTC ) big investments in manufacturing and technology, which had boosted 2003 sales 12.5%, to $30.1 billion, and earnings 81%, to $5.6 billion.
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