Headline says it all and link below: Summary: - Intel guided down 2019 estimates following the promotion of Bob Swan to CEO. - The failure in 5G smartphone modems was just another point in a string of failures that will cost the company around $3 billion in revenues starting in 2020. - Internal documents suggest a long path to full conversion to 10nm chips. - Avoid the stock as 2020 revenue estimates of $72 billion need to be cut. https://seekingalpha.com/article/4260299-intel-another-failure
Time to short bois and grills
That's what I thought at 35, then it went up to 55
Fr though when I see an article like this on some shitty website shared around, I think "someone trying to sell lol"
I think, it's gonna come down. Better if you can just get rid of Intel stocks now if any. Ain't it?
Couple of years ago (5 ish?) it looked like AMD and NVidia were basically done and dusted and intel had it all. The boom bust nature of this industry is almost the same as oil ๐ฏ
New CEOs almost always lower expectations. 5G is the type of money-losing business Intel used to stay in for years for some dumb fucking reason; itโs a positive sign it got killed so quickly after Apple abandoned it.
Intel modem business was losing money because Intel is totally incompetent and the performance was always way behind QCOM. The business decision was caused by cronyism and corruption.
Debatable, but as is common in virtually all technology industries, the value is in the IP, which Qualcomm had a couple decade headstart. You might as well argue Bing or AMD wasnโt profitable because of incompetence in their industries.
yep yep, Intel is finished. Systemic corruption and nepotism means the end is inevitable.
Yes plz sell ur Intel stock thanks bye
Oh we totally think that our bean counter CEO, who spent his formative management years in GE under Neutron Jack Welch, took the helm as interim CEO of Webvan and CFO of eBay is gonna turn this company around. I mean, look at how successful those companies are now.
Here is what I posted in the Intel internal forum: No bean counter CEO has ever turned around a tech company. Let alone a 50 year old tech company set in its ways, lost its core competitive advantage, and has major product pipeline problems. Tim Cook has been optimizing Apple to great effect since Jobs, but once the visionary guy's ideas run out, there is only so much product segmentation (iPhone, iPhone X, iPhone old and small), supply chain optimization, patent trolling, and launching dirty tricks on suppliers (backfired with the love triangle between QCOM and INTC) you can do. Even so-called product CEOs have had famous flameouts in trying to turn around a company. Remember the fanfare that Marissa Mayer received? And remember the sad crash and burn that Yahoo endured afterwards? A successful turnaround CEO is a rare thing AND one that depends on some lucky breaks. What if that Apple engineer working on the capacitive touchscreen in a tablet was fired and his whole group laid off before he could show it to Steve Jobs? No iPhone, no iPad, no Apple stock mooning from 2007 to take over the momentum from the iPod. Finance guys usually want to minimize risk. Just gonna panic, cut more programs and layoff more people. Maybe one of them will be that touchscreen guy.
Problem with Intel is culture need to change to be more proactive and agile. Winning new business is difficult and need fast decision making
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