GOOG, MSFT, AAPL, AMZN, others are all relevant. Does anyone have predictions for INTC Q1?
GOOG & MSFT seem to be looking good so far, at least for Q1. AMD is coming up soon also.
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Google and Microsoft got a small bounce from their AI scam, all their other sales are down. Apple turned into a bank with 4% interest to compensate for lack of sales. Amazon doubled their fees to make up for loss in sales. They aren't doing well at all
Intel will lose 16 cents per share.
With 4.1B shares, that comes out to roughly $656 Million loss.
By far, this will be the worst loss ever reported by the company.
Glory days well they'll pass you by
Glory days in the wink of a young girl's eye
Glory days, glory days
Take a look around. Do you see any consumers buying new PCs?
and what about corporate customers? do you see any IT spend happening?
no? where there is your answer.
now the only question is did the Intel team sandbag the estimate enough to actually get close. Either way, it is going to be a record loss for the company.
More layoffs are on the horizon and it doesn't help when a new CEO like Elon shows that a company can cut 75% of their headcount and really not have any impact at all.
The unfortunate fact of the matter is, Intel is so big and bloated, even the middle and top management don't understand where meaningful cuts can be made. Plus, the company wants to minimize the cuts because, well, hope springs eternal and Andy taught Pat that the best way to behave in a downturn is to spend your way out of it. Unfortunately, that was back when Intel had products and profits. Now, not so much.