I work at a decently large hedge fund. We dumped a bunch of INTC today, and are looking to completely divest in the next 8-12 months.
The reason? Not the earnings (which aren't great) or the guidance (which ain't too hot either). But because no one here trusts your new CEO.
The way he dodges questions in an investors' call and doesn't have a clue about what his "plan" is, other than reading what's on his teleprompter. Your BoD picked the wrong guy for the job.
your a hedge fun guy and you are just selling Intel ..
I guess it was nice to wake up 20 years too late.
@OP Robovoting your lie does not make it true, or even interesting.
Only def met has the trust of all hedge funds
$15 a share or eL hedger start buying the MnA spin offs ! 75K labor or 14a bust ! Find a demand need and or create the demand need ! Data centers needed worldwide but political constraints hamper efforts ! 555 ! Fire the Intel legacy board off ! MS Win11 su-ks and Dell HP Lenovo su-k also ! Go with the games dude !
@OP You're full of it! You're no hedge fund investor! GFY
be greedy when people are fearful
We don't trust him either.
@OP I don't believe OP can consider his $20,307.09 401k balance a hedge fund.
OP is completely right, Intel people do not trust each other and all are clueless.
No trust in CEO and leaders.
No trust to managers.
No trust and collaboration cross orgs.
No trust to HR.
Clueless everywhere. Good engineers are surpressed by clueless people.
dump n pump!!
This does seem like a Hose Bee Lion situation.
My uncle works at Nintendo, and he, too, liquidated most of his INTC position today (about 25 shares, I think he said), and he is looking to completely divest his remaining 5 shares in the next 8-12 months.
Without exposing my identity, I’m the CEO of JPM. I’ll leave it at that. Technical and fundamental analysis shows INTC is for bag-holders
How is hedge fund relevant here? Lip-Bu is also running a fund which is probably a magnitude larger yours.
I work for E.F. Hutton. You better listen to me when I say. ....
INTC is a not buy.
Pat though he could beat TSMC.
Remember the "unquestioned leadership" quote?
How?
With magic?
You need massive capex to even keep up, let alone surpass TSMC.
You also need a competent customer support system which takes many years to foster and build.
You need to also establish and support massive IP libraries.
You also need to somehow win the trust of customers and convince them that no conflicts of interest exist, when they clearly do.
I mean...anyone with any clue about the foundry business and semiconductor economics could see this was a disaster in the making.
@aj If you were motivated by Pat, you must've been smoking the same sh-t he was. I could see though his BS a mile away. LGBT may not be the most inspiring, but at least he's not feeding us a pile of manure.
Gelsinger was smoking some strong stuff but at least he was inspiring and motivational.
Nobody is inspired by LBT. Only insiders and politicians will thrive at Intel. Remaining Intel employees will be driven by the usual Intel fear and bullying culture, which has run its course now that Intel is no longer a sought after employer.
@OP curious why you want to wait 8-12 months to divest your stock? Are you waiting for it to go a bit higher before you sell?
INTC going below $18. Dump all your fu---n toilet paper stock and wipe your a-s while it is worth something.
OP and @a3 are the same person, a worker at a decently large hedge fund
He has a plan and can speak without a prompter he just doesn’t feel comfortable sharing it yet. But from the inside, from the 10-Q’s, fab processes are toast. Nobody is even looking for that whale. The Ohio fab? A total loss.
You are right to get out before the stock craters.
@OP you did not have to say you work for a fund. I and no-one will believe you. But the rest of your comment I agree with 100%. I speak as a current employee