Shortly after Intel announced his hiring Wednesday afternoon, new CEO Lip-Bu Tan greeted the chipmaker’s employees on a conference call promising a “new Intel” focused on pleasing customers and shareholders.

Wall Street analysts see Lip-Bu Tan's appointment as Intel's CEO as good news, but Intel employees are preparing for a major overhaul.

The new CEO at chip stock Intel (INTC) is starting to look like a “be careful what you wish for” proposition, as Lip-Bu Tan is already calling