Being below book value won’t save it as long as Pat is still torching good money after bad on things that will never return profit in the vain pursuit of his now defunct plan
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INTC has plenty of downside left.The company could easily drop below $50B in revenue this year. The 13/14th gen CPU issues could deter back to school and holiday buying and the RMA costs will start to add up fast. OEMs are going to start avoiding Intel due to the increased support costs associated with failing components. Everyone in the industry watched last week's meltdown and will have no problem walking away from Intel in favor of AMD and Qualcomm at least on the client side which is still Intel's cash cow. There is nothing bright in Intel's foreseeable future with the possible exception of the bright light at the end of the tunnel...