Imagine you worked your bu-t off and got an MS / CS twenty years ago and you were aged 27... you hire on and are given lots of stock options... now you are 50 years old and you can throw the stock options in into the cr----r...
Epic destruction of shareholder value. Embarrassed for the company and all the employees that got duped.
I did exactly that, except I was 34. After the option conversions to pennies on the dollar,
I swore to never be double penalized. Lose my job AND my investments? no way.
All INTC stock and options were cashed yearly, and invested ELSEWHERE until 2016 when we parted ways. No regrets, like Andy wrote "Only the PARANOID survive".
Revenue also going downhill similar to 2009 level except double employee headcount. Due to that gross margin is lowest at 36%. Intel needs to layoff 40% staff to improve margins.
Intel deserves this layoffs. They have produced nothing. Took govt tax money, delayed gpu that even performs below 3070… got your market shares eaten by AMD. you guys have been rest and vesting on investors dollars. Don’t complain if you get laid offs. Many investors are pi---d at your 2 years performances or way before.
I got thousands of shares of options in the summer of 2000. They were grant at around $75 a share after the July 2000 split. They gained value for a couple of months then Intel missed earnings in October 2000. The stock started its drop to the $10-15 range. About 5 years later intel adjusted the value of the grant but it was still worth zero when it matured. Holding intel stock long term has never been a good idea. Sell if it goes up. That won’t be a problem for a while.