CNET has an interesting story about Intel CEO Paul Otellini’s appearance at the company’s annual investor meeting “In 2010, for the first time, PCs cross a million a day. A million PCs a day–built, shipped, and sold in the industry. By 2014, that number basically doubles, it approaches 700 million units (annually) as the near-addressable market for our company,” he said during an event that was streamed on the Web. And within five years, Intel expects to be shipping a billion chips per year in all device markets, he said. Addressing the market for Netbooks–small, inexpensive laptops built around Intel’s Atom processor–he said Intel expects good growth ahead. “This market (Netbooks) that we created will grow north of 20% year-on-year this year. It’s got a 15% CAGR (compound annual growth rate). Still no sign of material cannibalization of the notebook market by Netbooks,” Otellini said. “(Netbooks are) in the range of 40 million units (annual) and nicely growing,” he said.