It's almost two months since PG started and nothing has been cut yet. It's so great that everyone gets to keep their jobs while transforming the company back to a leadership position. Impressive!
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Just wait till Q3
My sense is that BS was a do–nothing, BK focused on the wrong areas, and Otellini was too “this is the way we’ve always done it”. As a result, we got into drones instead of the iPhone, and focused on financial bandaging through stock repurchases instead of resolving manufacturing problems. Hopefully PG will be better. Sadly, his predecessors put him in a ho–e.
Under intense competitive pressure at Intel from nvidia and amd. On the bright side, you don’t have a “Burger King” or “Burglar King” BK for a CEO anymore!
Stock is dropping. Nvidia planned server chip.
Stock is falling because Nvidia has planned its server chips. Let’s see how PG responds, not by words.
and the stock is up
Go PG
The board agreed with BK. Hard to imagine BK did all those things without the ok from the board.
The Bloomberg article. Wow the last 7-8 years put into perspective that many don't see. It sounds like BK could have grown the whole company at that point in time: foundry, icdg, TMG/TD but focused on the bottom line. Make 14nm chips with the highest profit margin, stock buy backs, big layoffs. Wow. Real short term thinking.
The Bloomberg article blames BK more than necessary. Other previous CEO's also made mistakes.
BK and Bob unnecessarily damaged intel with series of layoffs. Bob was worse. His path to 30 and 300 efforts were pretty stupid, mere slogans to justify his cost cutting. Path to 300 billion market cap, first of all a stupid target for a cfo.
Market cap is as a result of what the markets do - not under our control. But more importantly markets reward growth potential with high multipliers not a company run like a cash cow with stock buybacks and dividends. He was clueless. Path to 30, a measure again useless. Because it is a factor of revenue, it is better to work on the top line growth rather than reducing expenses but if you just reduce expenses, you will end of reducing revenues and spiral downwards with more expense cuts. I am freaking tired of rookies. Clueless people, empty suits, posers the only thing they know is how to milk the company for their and their friends benefit.
Have you read the recent Bloomberg article. Has it planted by a person who was favorable mentioned in the article. Clueless charlatan, still needs Intel’s name to promote herself...
@5mgk why don't you tell us?
How long did BK or BS wait to reorg after they became ceo?
PG is for no more layoffs– just the andy grove way redep/reorg if needed- co. is building on the new 2.0–new groups will form for the fabs/foundaries great oppty's. all to retain talent -he values employees–the grove way. Rest
OP: are you being sarcastic or naive?
Andy Bryant who gave us the bad CEO. What a buffoon!
That’s what I called leadership! After PSO stepped down and Sean Maloney suffered the stroke, Pat should’ve been crowned CEO long ago.