LBT turning this mess of a titanic around
Congrats to all
$50 by end of summer
20 replies (most recent on top)
The projected $1B Q3 loss would amount to at least $11 million / day and $100 / day / employee! What's happening to my Intel!
How is a $2.9 billion loss and margins down to 27.5% an amazing earnings report?
I guess it is amazing the Intel is still in business... probably not for long. How about the forecast $1B loss for Q3? Better buckled down and get started on that one. You will need to lose at least $500k per day every day to get to the Q3 projected loss.
What kind of mor-ns up voted OPs post?
@aa "But we have 1 rower in the team! Why do we keep loosing the race? We need to bring in more directors and managers to root cause!"
@ax way to set the bar high...
@OP Which summer? 2030?
Intel can only get more awesomer from here.
Was this an HR post? It was posted about 5 minutes after the earnings data was available on intc.com. Nobody had time to read it in that short amount of time.
@a8 it finished after hours -$1.05 down 4.64% at $21.64 INTC is going to get smoked in trading tomorrow. Back into the teens tomorrow and mid to low teens by the end of next week.
@ab or it will hit another iceberg
@a4 Intel hit the iceberg with 10nm and kept hitting it over and over again, but the berg has started to melt so the company may yet go free and sail on to the land of profits and awesomeness.
Didn’t cut deep enough lots of deadwood in the company all the cvps and VPs and directors. Come back in 6 months and there will be more cuts revenue is not going up enough
Margins are down to 27.5%, there is a lot of room for improvement. LBT is making a good start though considering the steaming pile he inherited.
@a7 Neither means too much.
See how the stock performs after the earnings call.
The market may be reacting to the layoff target because it is the first time it has been stated.
Then realized that it had already happened. Stupid Machines.
OP, intc spiked up after the initial release of the earnings report but now that people have had time to read it the after market values has gone negative. $50, thanks for the laugh...
You must mean $50 QPB.
They increased the Q3 revenue forecast.
Market is forward looking and right or not, doesn't pay much attention to restructuring charges.
LBT turning this mess of a titanic around
hitting the iceberg once wasn’t enough
OP, it is pretty sad when the company reports a loss $0.67 a share and you hail it as amazing... Times have really changed.
btw, the $1.9B restructuring cost is for layoffs/severance
Waiting for LBT to announce Everything Is Awesome, then do a Lego brick step off the stage and go crowd surfing.
They finally set a target for the ongoing restructuring, of 74k headcount.
Revenue was a positive surprise, with the expected charges hitting earnings.
Room for a short squeeze here, and downside appears limited as LBT is moving quickly to course correct.