Intel to remain profitable despite worst recession in 30 years: CEO

Intel will remain profitable despite the worst recession to hit the information technology sector in 30 years, according to its chief executive Craig Barrett.

He described the current recession as "deeper and stronger than the nine-and-a-half previous ones I have gone through with Intel since 1974. I call this one a half because we're going down and we haven't come back yet. It is probably the most dramatic recession I've seen for the last 30 years, (but) not the worst one for Intel," which he said was in 1985.