Did you miss the part of the quote where he shares that Intel's cost estimate was wrong?
Also, after the magnitude of their error to get in at the ground floor sank in, Intel had no problems with selling x86 chips at a loss trying to break into mobile devices.
I didn't miss that part of the quote. And no it would make no difference to Otellini or to the discussion in this thread because he also didn't know the estimate was wrong when he made the decision.
Yes, but that's just an outcome of Intel's/Otellini incompetence (in that specific case) rather than anything else. He used bad data to make an (arguably) bad decision.
Also, after the magnitude of their error to get in at the ground floor sank in, Intel had no problems with selling x86 chips at a loss trying to break into mobile devices.
Remember their contra-revenue strategy?