Intel should go private, we should get compensated for the stock we still own, get a payout, and have the Board burn the remaining of the company to the ground... let them burn it, but have stakeholders get out with grace and not completely ripped... — read more
How will Intel rebound if TD manager does not have technical background, yet make all decisions?
How will a GM lead a 1000 people department, if he does not have technical knowledge. This is the current case for TD automation. Is there a better example for single point of failure?
Pat and Dave admit incompetence
https://www.oregonlive.com/silicon-forest/2024/08/intel-execs-admit-they-were-caught-off-guard-by-business-downturn-triggering-historic-cuts.html Caught off guard? You mean CS’s daughter’s two laptop use case wasn’t common? Clowns. — read more
Some of posts are very misleading
Personally I am disgusted with the management style of PG (over-promising and financially irresponsible). I absolutely hated him attending Davos multiple times even when Intel was at a smaller valuation than peers. As a tech leader, he should focus... — read more
SD: Apple is America’s semiconductor problem
With the 2022 CHIPS Act, the federal government made a massive investment to reshore semiconductor chip fabrication. Why? Covid-era shortages of semiconductor chips had revealed America’s shocking dependence on brittle international supply... — read more
5N4Y met, hence lay off!
CWF powered on! 5N4Y met. All the workforce they hired for past few years to meet this goal is no more needed. Hence the layoff!
This seems strangely similar to the allegations in the Investor lawsuit
"Pat Gelsinger was one of the front runners to take over Intel years ago when he was asked to take over Larrabee Microarchitecture; that effort was supposed to finally give Intel a high-end GPU that could compete with NVIDIA and AMD. However, the... — read more
Only hard work and many changes can give Intel a chance at competitiveness
Intel is building too many fabs without a clear customer to fill them, while not knowing how to do foundry with its tighter margins yet. Intel is used to cushy monopoly margins. Foundry has healthy margins, but not that good, and it only profitable... — read more
What dept and location most impacted?
Will it be primarily in sales and finance? Or will engineers be impacted as well? Any info on Santa Clara or Folsom?
If Intel had AMD's Q2, the stock would be $2.00
If Intel had AMD's exact Q2, the Intel stock would be $2.00 a share. At that price, I could personally buy Intel.
Recent cuts have zero impact on most of the employees
Sabbatical cut. Who cares when most are WFH. It has been a four year sabbatical for all WFH people . Elimination of fruits. Same as above. This impacts only folks coming to cafeteria. Free drinks - the coffee machines at RA1 are still there. — read more
If you downsize LTD, there's no Intel Foundry in the next 5y
LTD is always understaffed for the work it got signed up for. Especially with the 5N4Y bullsh-t. Every engineer I know is busting their a-s, working long hours and burning out. If we're still not producing value, then it means the management horribly... — read more
Pat and his Minions Sued!
https://www.reuters.com/legal/intel-is-sued-by-shareholders-alleging-securities-fraud-2024-08-07/
Would performance based CPM really help?
There are a lot of comments here mentioning that low performers should be the first ones to go, but on the other hand, how fair the performance evaluation really is? I've been in restructuring he-l for the past two years and changed 3 managers. My... — read more
WTF has the Strategy office been doing
Well, so much for hiring the top strategy folks for the big 4…. We should have known better after using BCG before ; but the second you hire McKinsey you know exactly where it’s headed … This is sadly accurate... — read more
What if Pat was a saboteur
If Pat was sent to sabotage Intel he would have probably have done something like this overpromise and underdeliver every single product talk trash about every possible customer to ki-l relations spend a lot of money on factories with no... — read more
WTF Intel?
News Flash. https://youtu.be/EHZw-oFDuek?si=TdglPGqEcGVfsbWI
Patrick Gelsinger: time to resign!
Pastor P, you are burning Intel to the ground: time to retire now! The stock is at $19 and soon $0!!!
2026 EPS $1.88 FactSet
https://www.morningstar.com/news/marketwatch/20240807852/intels-stock-is-down-38-in-a-week-and-it-just-got-downgraded-again Given a PE range of 20-30, share price in 2026 should be 40-60$.
Pat and Dave caught slipping
https://www.reuters.com/legal/intel-is-sued-by-shareholders-alleging-securities-fraud-2024-08-07/
Intel Wafer Fab Capacity
https://www.semianalysis.com/p/is-intel-back-foundry-and-product Significantly lower 10nm mix + less reliance on TSMC -> better gross margin in 2026
Silver lining
Intel is not going to go bankrupt given the recent financial maneuvers. Expected 40-50billion cashflows (cost saving, incentives, jvs) in the next 1-2 years. DZ also mentioned the cashflows will deleverage the balance... — read more
Hedge Funds Buying the Dip Offer Glimmer of Hope for Markets
https://www.bloomberg.com/news/articles/2024-08-06/goldman-says-hedge-funds-bought-us-stocks-amid-monday-s-rout?embedded-checkout=true
Angstrom age angst ameliorated as ASML's High NA EUV chipmaking kit delivers
At least, Intel is not late this time. https://www.theregister.com/2024/08/08/imec_asml_na_uev_results/
B Swan turned down 15% stake in OpenAi. in 2018. These are the leadership choices that got Intel to where it’s at
https://www.reuters.com/technology/artificial-intelligence/how-chip-giant-intel-spurned-openai-fell-behind-times-2024-08-07/
The nice thing about the shareholder lawsuit will be the discovery phase
Y’know, when things like how many IFS customers at what volumes on what nodes enter the public record. I’m sure having this information public will help boost the INTC stock
How long before stock price drops to single digits?
I give it 6 months at best. Remember AMD’s stock dropped below $1 when they were in our situation a decade ago.
Intel won’t even exist in 5-10 years
Did you guys actually look at our latest financial report? It’s pure disaster. We are bleeding cash and our debt is growing like crazy. At this rate we will have to file for bankruptcy in 3-5 years at most.
Intel is sued by shareholders alleging securities fraud
https://m.investing.com/news/stock-market-news/intel-is-sued-by-shareholders-alleging-securities-fraud-3560668?ampMode=1 One more thing for Pat to worry about.
LTD, 18A failings, future
Ironical that Kevin B and others are gloating how great 18A and Clearwater Forest are, when in reality: 18A yield is in extreme poor health and there is absolutely no denying of it. The chance of catching up to TSMC’s 2nm next year is 0% .. — read more
True story
I was offered a significant retention bonus to stick around as I hinted to my manager I was interviewing at NVIDIA. I am going to wait for the NVIDIA offer to come through before declining!
This didn't take long... INTC below $19
Great quote from this article: "Intel stock is a litmus test for anyone who calls themselves a contrarian investor " https://investorplace.com/2024/08/intc-bloodbath-aftermath-buy-intel-stock-because-no-one-else-wants-to/
Do not renew Hector-1 One Bravo
Instant 18K employee reduction.
How to best avoid layoffs
Please feel free to add tips for others to follow. One useful tip is start looking around while things settled and if possible, make sure you are getting along great with your manager since you don't want to be the first he/she picks to go.
Intel Hiring Practices
I see that several post regarding spicific aspects of Intel's employe selection and hiring practices get taken down as soon as they are posted. Yes, this is a legitimate issue when taking money from the government to create chips and jobs in... — read more
Ofc best people will take VSP and run
Everybody in their right mind who is competent, skilled and employable is going to leave. After they did everything in their power to convince everybody Intel is not a company worth working for, nobody worth having will stay. Not to mention that... — read more
CPM for FMLA/STD
I am currently in FMLA and short term disability - undergoing cancer treatment. If my group gets affected by CPM actions how can I continue the treatment with health benefits ceased?
It looks pat does not have much lucks after first service in intc
After 30 finest years with intc, he joined Dell/EMC, VMW (summer camp), Gloo, then finally intc again, really not much luck after. Intc now is like 2000's AMD now... SVP is kind of a gift, AMD did not even have it in 2000. You need to appreciate.