When you multi-million dollar company is failing, retire. Intel's CEO Paul Otellini is being replaced by Brian Krzanich, after he announced his surprise retirement last November. 

PC's have been on a steady decline for years, but now they are becoming an obsolete technology, thanks to the the mass popularity and domination of Macs. 

The world's largest maker of Chips of PC, Intel Corporation, is throwing out a few last ditch efforts to salvage the company before throwing in the towel. The game plan is to concentrate on sales from servers, tablets, and smartphones to compensate the drop-off in PC sales, which could still lead to an end of the PC era by slowly excluding PC chip production.  

"I've made it Intel's highest priority to create the best products for the fast growing ultra-mobile market segment," said new CEO Brian Krzanich in a statement.

Inte's shares have been steady declining, and are at an all-time love of $1. Although the company is expected to earn 13.5 billion in its third quarter, it is still down 29 percent from a year ago, which can largely be accredited to the decline of PC sales and Intel's slow response to switch its efforts to tablet and smartphone technology. 

PC computer sells fell 11 percent between April-June. 

"The decline of PC sales will continue. People used to buy PCs for web surfing, email, social networks, word processing, listening to music, etc. Now, with a tablet that can do all of that, why buy some big ugly PC, especially when you can take your tablet with you.  In the end, I believe traditional desktops for the home (the business place is a little different) will dwindle to almost nil. " said ZippyPeanut of Tom's hardware.