LBT's being proactive, and I like that. It's more than we've seen from a CEO in a while. I know that also means he'll be proactive with layoffs, but we always knew that was coming. If I'm still here when it's over, at least the company might be on better footing than it is now.
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The new fellow has quite a situation to deal with.
All the non- core businesses have been jettisoned... and now you have face the reality of what is Intel:
- Terrible cost structure
- Bloated and redundancy everywhere you look in processors & chipsets
- No more tax break grifts available now that the U.S. is dead broke.
- Heading into tightening financial conditions and tariff turmoil.
What is the logic in taking on the Kobayashi Maru, other then the sport of reprogramming the machine?
Now he is LBT?
Has his assimilation into the Borg already been complete?
LBT is set to bring Walden portfolio into Intel
Failing ShitTel will make any CEO look dump and id--t from now on.
a storm is gathering
If pat is untouchable, then lbt is just as untouchable. Its gonna be a pump and dump at best.
@cp is only saying that cause he’s sweating bullets he’s about to be canned by LBT
More Engineers - fewer managers.
LBT is another grifter like Pat who will live with the bureaucracy and then run for the hills after making millions of green dough
He seems the right person to downsize and divest, then see how he performs at matching products to markets, which is a lot tougher to get right.
As far as INTC, I'm at least onboard for the first part, as that should unlock value and clean up the balance sheet.
Over time we'll see if the smaller, more focused company can attract a higher quality of leadership than has been the case in the past decade or two. Hard to execute when a company is overly complex and large.
Also see if he pushes IFS to divest the non-EUV fabs, which are on the path to obsolescence and better suited for ownership by a lagging node foundry like GF.
If he can make the business unit changes to get the company down to the 30k to 50k range then that by itself becomes something more capable of executing with velocity.
There isn’t going to be a company in the end. At least not in the form you are thinking of.
I hope so.