Is Intel done for? I have no hope with this bean counter CEO. Made $20k on AMD stock alone. While Intel is struggling with 10 nm yields. TSMC is already at 5nm. What is Intel plan to catch with AMD and Nvidia? Now that Apple and Microsoft is aiming to develop their own arm based products. Jim killer bailed out on Intel. Donut boy Murthy got fired. Raja is nothing but all talk greatest showman. I don't see bean counter turning the sinking ship with his buyback and selling out business units. Left over smart Intel employes are leaving to FAANMG. What is Intel plan? Any thoughts from Intel employees? Sorry in advance if Intel folks got hurt with this. It's just my opinion I might be wrong. Edit/Update: $44 stock price today looks like good entry point to me for short term play till next earnings. Will sell right before earnings
Well no you certainly have valid points OP and it didn’t hurt at least my feelings at all. All engineers, manufacturing technicians, architect etc.. have been screaming out loud in our internal forums as well as on blind but sadly our pleas are not getting heard. I mean how stupid one needs to be when upper management can clearly see people are not happy but rather than doing something about it to focus on innovation, bringing competitive products to the market with higher quality, all we care about is buy back of stocks and how can we make Wall Street happy. To hell with customers and their timeline. Really hope we can turn this thing around but without significant overhaul specially in the middle management, I don’t see things changing anytime soon. Will we be dead? Probably not because we are only one of the top 2-3 companies who can manufacture complex semiconductor devices at a scale that out customers need so we will still be around but unless and until we have a visionary CEO who can provide focus, leadership and passion to worker bees, we will never grow. Robert Noyce, Andy Groove must be rolling in their graves
I thought Intel has a huge budget for R&D? How is innovation being stifled? Are employees' ideas being tossed out the window? What is a day in an Intel engineer's life like? What overhaul needs to be done with the middle management? As a stock holder I'm very concerned
Most of the R&D budget goes to the politicized middle management who their time scheming to grow their petty empires. Everyone else gets paid at half the market rate so most of them are bottom of the barrel rejects.
good PE ratio though
It should be a red flag.
P/E ratio is one of the most misused metrics. Low PE = avoid. It’s low for a reason. You aren’t smarter than the collective market participants
Intel died when Andy Groove died. What you see is a monopoly old boy club that finally tripped. It has no future unless it split into foundry and CPU design. These days having dedicated fab for only internal CPU production is suicidal. One miss and they can go out of business. If they split up then they can mix and match between fab and design like AMD and Qualcomm. Intel is not discipline enough to do firewall between businesses like Samsung does.
Intel is what will happen most semi-conductor companies if they don't adapt. If it hasn't already happened. It's could outside and everyone merging to survive, everyone already has silicon in their hands and homes, only so much more they can sell to consumers. They want to build huge cloud datacenters to control and manipulate society so all internet traffic is held by 2-3 companies. Intel is a boomerfest run by layovers from the 80s/90s that can't innovate. Only know how to manage paper. This generation will suck dry everyone company they infest for their own comfortable retirement.
WTF did I just read. “They want to build huge cloud data centers to control and manipulate society” But do agree it’s a tough industry, needs innovation cadence. Apple is leading the way for now with doing everything first, rest are distant followers.
What's Apple doing first?
Looking at your descriptions, certainly looks like you are ex-Intel. I might be wrong 😶 As far as how Intel is doing, remember AMD struggled for years before it could stand next to Intel. Every company has ups and downs. We as Intel are definitely down right now. But once your behind is under fire, you have no choice but to step up and again become the leader 🏆 (or crash and burn) I am not just being extremely optimistic. I have seen the change in people over the last couple of years. Losers gtfo but most people who are still here and are good, their pride is hurt and they are working hard to gain our leadership
Only losers look for something BS like this
Losers stay behind because they can't crack interview. Smart ones leave for better company and salary. It's not like Intel is doing some groundbreaking work.
I really hate Intel hiring strategy bull shit
Just waiting to GTFo
My SO is in the same position. crappy hiring , inefficient bureaucracy.
I'm at Apple now. Many of my friends switched to FAANG. IMO, Intel lacked leadership. Projects were ephemeral and you never know when you're next on the chopping block. That being said, I believe changes will come sooner than later and Intel will bounce back.
It's a transition phase for intel, so there will be setbacks. But will it transition as successfully as MS or will it end up as another IBM is something no one can say for sure right now. But if the execs learnt their lessons from ICDG debacle (4g/5g business), intel should be in a much better position after 2-4 years. Bob is better than BK and for all the nasty things he inherited, he is doing a great job.
For that we truly need a visionary leader. For eg how Satya steered away msft from traditional products to cloud. Andy grove who championed the idea of moving away from dram. These are really testing times for intel. Either we bounce back or die doing nothing.
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Ex-intel here -> Intel has been paying employees on the low side (target 60% of market) , on top of that since BK days they have ben doing layoffs and reorgs non stop.: so yeah .: people leave if they can. You get what you pay for. Most People in intel are there because a) stuck because of visa b) unable or unwilling to switch c) great at politics and doing well.
Sounds exactly like Cisco.
So, it’s dying