Intel CEO Paul Otellini made short work of a persistent rumor that the chip firm may buy Hewlett Packard's recently spun-off PC unit during a Q&A session at the Intel Developer Forum in San Francisco.
"Do you want to buy HP's PC unit?" - a journalist asked, only to receive a terse "No thanks" from Otellini.
HP recently announced it would be putting its PC and personal systems division up for sale in order to hone in on its software and services business.
"We're happy where we are. We don't want to compete with our customers," the Intel chief added by way of extra explanation.
Otellini then went on to face down questions about long-time partner Microsoft cozying up to rival ARM, dismissing the notion that the move had much of an impact on Intel.
"From my perspective nothing's changed, we still have the best chip to run the Microsoft platform, and the best chip wins," he said, putting emphasis on the value Intel architecture's legacy and compatibility with Microsoft software.
"I don't think end users will walk away from that. I like our chances," he added.