Thread regarding Intel Corp. layoffs

OP , unfortunately this dog is done
I would advise to get out and move on while you can.

OP here. I am almost in same position as you and will ride it out

As I said I am an old timer and financially diversified and not dependent upon the Intel stock anymore. I did not sell and feel now it is too late. So will wait for it to go up

I started in Aloha in 1990 and took a generous exit package in 2016. I am now retired. I sold all my options and stock before the 2000 collapse. I held on a tiny amount (500) of shares for interest. I did continue with ESPP from 2000 onward but sold at the end of each period for guaranteed profit.
We could all clearly see that PSO was just another home grown defender of the x86 moat and was not the forward thinking CEO that the company needed. It only got worse from there. Today, I would not touch the stock with a 29 and a half foot pole.
I think the company has no future in its current state. Intel has no real growth prospects through products or process technology.

x86d ! dot com days deja vu !
Variable passive investments - buy low and sell high, make sure they pay out dividends better than fixed interest %
Cash is King ! Especially at buying lowest points ! Shoulda Coulda Woulda doesn't make up for both short term and long term planning ! Banks win and gamblers lose !
Intel must get rid of over bloated redundancy ! Build Demo Rebuild construction contracts must end ! Intel is spending itself broke n-rich !
GPUs NPUs CPUs are #1 demands from the data center kings ! Data center telcos worldwide mean sales revenue ! Fire all the board entirely ! Get technologist that know how to create and process chipsets that work and supports all economic sectors ! Intel must take on any process lines in demand and utilize its toolset ! No wafer starts means no money !
Intel is a bloated corporation just like USAs bloated Wash DC government ! Layers and layers of bloated bureaucracy and political entities !
Cost cutting is needed each and everyday ! Along with rebuilding process lines getting product through steps and out the door ! 100 to 1000 to 10000 die out to customers ! Intel depends on MS Dell Lenovo HP way to damn much ! F those contracts and only go with these contracts so far ! No more excess capacity to these fools ! Intel has to go industry rogue and grow some invention creation engineering ba--s ! Get rid of the board and hire only Doers Doers Doers ! Let the real scientist and technologist rule ! Fire the legacy board and sc--w the legacy pension funds ! x86 is out and Intel will continue to suffer until Chapter 11 and 13 gone !

Old timer here - sat on stock with a fairly low average - a bumpy to anywhere near 30 would be great. I nearly dumped it all at around $24 pre earnings, now regret not doing so.

I am going to get out and just dump and will spread the proceeds across my other investments - Intel may eventually recover , but it’s not going to be for a long time , assuming they execute (big if) … the brain drain over the last couple of years and ongoing has got to hurt its chances.

Also, was exited last year , and also want to move on mentally , the fact I’m even here is a bad thing , I want to move on !

@OP either that or Intel is the next global foundries

If the economy goes south at some point then Intel would follow the sector.

But the govt seems as determined as ever to keep the debt bubble growing and not allow a full-on recession. The recession could start somewhere else, because many countries are also on an unsustainable path of debt creation.

So yeah, INTC could get into the single digits if another 2008-style crises emerges.

But if not, then the company is actively reducing both operating cost as well as capital, to better meet up with what appears to be about $50b in annual revenue and low growth.

The most telling comment from LBT was to state that the persistent excess capacity the company has always had, will not be the case going forward. That excess is not just fabs but in design and products, and there is room to operate far more lean that has ever been done since Intel created the CPU.

This is a fundamental shift and sets the company on a path to a revenue/employee which is more like the rest of the industry.

If part of that capacity reduction involves selling fabs or entire fab sites, then that will move the stock. Also expect more announcements like the late-friday NEX spin off announcement.

Nothing out there suggests anything more than $30 on the stock but it could get there overnight on a meaningful asset divestiture. To me that is the trade to be done, then see what can be built from the smaller Intel that happens down the road.

$20, and Down we go to $15.

I took ERP last year and never held the stock, selling RSU and ESPP all along the way.

I'd have traded it but for the trading restrictions, but knew for most of my time at the company that it was repeatedly failing to catch new growth opportunities and in some cases leaving those areas shortly before they took off.

Still, I liked my job for most of the time with the company, and have been trading around a 3000 share position this past year, expecting and getting repeated rallies within a range.

I like what LBT is doing and think that it is at least 10 years too late but still worth cleaning up the mess. Among other Board delusions was to keep building excess capacity and not spiking persistently non-profitable products. They thought market dominance would somehow mysteriously reappear. D'oh!

I expect LBT to right-size foundry and that means shedding about half the fabs, as others have posted. Get it down to something suitable for internal customers and find a path to IPO, because it won't get real customers until it is an independent company. The Board has been told this by all the large tech companies.

Why did you make the decision to hold alot of Intel stock rather than invest into ETFs?

OP, I retired in mid 2021 and sold my stock even though it had been doing quite well earlier that year. My point of view was that I would treat it like any other investment and not assign any sentimental value to it. My evaluation was that there were better investments then staying with Intel. I unloaded everything. I didn't think bringing PG back was a good idea and still don't. Looking at the situation now I would do exactly what I did in 2021. I disagree with @a3's view that the stock will jump to the mid 30s in the event of a sale. Why would it, where is that value coming from? My view is (not trying to pick a fight) the product line is stale, same old stuff with incremental updates, no AI products to speak of, IFS can't draw external customers into the fabs, and some of the older fabs are really out of date. Do some tax planning and see where you can use the losses to offset other gains. If Intel can't attract any external interest in 14A and it gets cancelled you will wish you sold. I wouldn't be surprised to see that happen. The company is still projecting losses and that is the biggest financial drag.

Congratulations on getting your 30 years in! Retirement is great!

I also retired last year, I stopped buying stock back in mid 2000's and slowly sold off most except the minimal RSUs received during performance reviews. The way assets have been sold off to the Apollo group and SCIP divestment to Brookfield Mgt. it can't be good for stock if there is nothing left to sell-off in the way of assets or if those assets have already been partially bought up. I can't see Nvidia or 🍎 spending a dime on an expensive Fixer Upper when they're getting everything they need from TSMC now. The value of Intel's X86 IP has languished since 2015 so I don't see much value there. Either Intel releases an energy efficient design with Kicka$$ performance on a TSMC node or the foundry fixes their problems with cost and efficiency and start booking a large number of customers; I see the company slowly dwindling away over the next 3yrs. I don't see both win scenarios happening.

Former intel employee here who left 5+-years ago. I sold off my ESPP and RSU shares a couple years ago, but I bought back in around $19 a share earlier this year. Not a lot, just a couple hundred shares. I know this was a gamble at the time, and after listening to the earnings call, I am thinking it was a bad gamble because I have no confidence this company is going to make a comeback. Ever.

I am going to sell it all Monday, take the tiny profit, and move on for good.

If I was holding $350k in Intel stock and didn't need the money, I would at least reduce my position significantly because that is a LOT of money to lose if the company declares insolvency. Better to a take a small loss now than to lose it all. You can re-invest that money into something better to make up for any potential gains that might have been had should Intel magically make a comeback...which could take years.

Just my .02

When Intel declares insolvency, your shares will be useless

I left Intel in October of 2024 after 25 years. Left with a nice big severance and because I was 60 most of my stock vested immediately. I had previously half of my stock at 42 which now seems like one of my best decisions. With the vesting and stock I had left over, I still have about 350k in Intel stock. I am going to let it ride since I do not need it. Figure Intel would atleast fetch 35 bucks if sold. I also think Intel has a fighting chance with a 75k employee base. Just need to add a few more external leaders

OP here. Only old timers with a lot of stock please comment. Thanks

Intel is a steaming hot pile that no company wants to touch with a 10 foot pole. There is no wild ride up.