Intel CEO: No restructuring news until July

Intel Corp. plans additional restructuring, but is unlikely to announce them until next month, Chief Executive Officer Paul Otellini said Thursday.

In April, Intel said it would restructure, including resizing the company, in response to weak earnings in recent quarters. Since then, Intel has closed a small office in Scotland, shut down an optical platforms division in the U.S. and combined two flash memory groups.

In recent weeks, rumors have suggested that Intel would lay off a vast number of workers. While Intel will make more announcements regarding restructuring plans, it likely won