Intel's stock initially fell 3.5% after reporting third quarter results on Tuesday. After Intel executives opened their mouths during the conference call, the stock slid further, and is now down 6%.
http://finance.yahoo.com/news/intel-keeps-lowering-bar-business-231940983.html
"It’s a problem. Intel has hit its growth target for Data Center Group only once in the last 6 years," Bernstein's Stacy Rasgon told Business Insider.
BK said there is no more ACT... anyone believe this?
@nim - Future archaeologists will unearth the empty shell in the middle of the AZ desert and wonder what its purpose was.
@JW6WsU7-std. I hear the poor 14, 10 and 7nm teams are already working 7 days a week what a sorry situation for them poor titanic folks. I can't imagine what their houses in Bethany will be worth when the titanic starts to slip under in about a year. Housed under water, 3% raises and working like a coal miner, Living The Dream is what LTD stands for.
Let's not forget the $2+ Billion idiot BK spent to build the empty AZ factory. It can never be populated now that Intel is behind in technology. Lol.
TMG and LTD are the coal shovelers on the Titanic, LOL
The whole data center focus is a problem for TMG. Silicon development and manufacturing is all about scale and intel continues to shrink in volume as the process gets more complex and expensive.
Far bigger companies like IBM couldn't afford to do silicon. TMG and LTD has lost the silicon lead and will fall behind as they simply can't compete with Samsung nor TSMC who's scale now tower over intel if not their profits. But that scale differences guarantees further contraction and more layoffs. Intel is slowing down its process development as it can't afford to while TSMC and Samsung are increasing there's.
ACT2 and ACT3 are coming