$17bn of Intel cash transferred to mobileye shareholders. 400 engineers transferred at $40m per head. Intel's balance sheet goes from $17bn in cash to $17bn in goodwill as mobileye has few assets.
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Name on fad chasing acquisition Intel has succeeded at over the last decade, NONE.
Wonder how it will be written off in 2 years after Mobileye is sold off for about 20% of what they have paid for it.. This is the track record.
Another brilliant move to paid with more ACTs
Source?
Or speculation?
Need to wait for Q3 numbers before we see how BS will BS the Street.
Crazy numbers