worked with Pat back in the golden days... He's a good guy, knows his stuff....lots of cleaning house to do...good luck Pat!
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Unless he fires the majority of managers nothing will change.
To me, that move makes a lot of sense. But judging from the other comments, I'm the only one with that assessment.
I'm my opinion, the secret sauce that makes Intel dominate certain industries is software. And it has been for some years already.
If you need really fast mathematical number crunching, e.g. high frequency trading or realtime audio filtering, then you need MKL, the Intel math kernel library.
If you want to further reduce latency with parallelism, you need TBB, the Intel thread building blocks.
Raytracing? Intel embree.
Once you are locked in that deeply, the raw Intel vs AMD performance becomes meaningless. You only care about how fast the Intel libraries run
So a CEO with experience building high performance low level software seems like an amazing fit.
JOB1 = "unwoke" Intel and get back to basics!
See the video below... Jenny thinks it's all good...
CNBC's "Halftime Report" team is joined by portfolio manager Jenny Harrington of Gilman Hill Asset Management to discuss Intel CEO Bob Swan's plans to step down, and his replacement coming from VMWare. Harrington owns stock in both Intel and VMWare
https://www.youtube.com/watch?v=VVM82FBExk0