Some of us felt that Intel’s best hope to escape x86 prison involved successfully expanding into technologically-adjacent markets — either the GPU market or the mobile processor market. It seems that we’ve done multiple “try/fail/bail” loops in the former (rather than sticking with a long term commitment or, conversely, a final “get-out-of-the-money-pit” exit), and in the latter we turned down big opportunities (PSO and the iPhone) that have now come and gone. Meanwhile, we’ve lost leadership in the x86 space we invented.
So what else is left that would allow a turnaround?