Pat Gelsinger - Almost exactly 2 years ago.
https://finance.yahoo.com/news/intel-ceo-we-believe-we-are-near-the-bottom-163723841.html
Clown show.
7 replies (most recent on top)
Yep. He's not too bright. The bottom is when things are really bad... THEN you release 2 generations risky chips without properly testing them and push the dinosaur X86 to the very limit in voltage to look like you can compete with superior chip technology.
https://www.youtube.com/watch?v=O6EqIUFWtDA
It will take a long time for Intel's new strategy to take hold, says Hightower's Stephanie Link
Not sure what people expected when they put this tiny knob in charge. Pat has worked feverishly to destroy Intel since his first day in office and we’ve been paying his d-mb a** $750,000 per day to it. Even after revenue dropped 40% and stock prices dropped 50%, we still gave that miserable scmbag a 45% RAISE. Kick that prik to the curb and find someone who won’t rely on Jesus to save the company.
Intel is digging deeper. There is no bottom to be found yet, it is a free fall. Can't get out of the hole.
Yeah what an id--t, Pastor P.
There are articles were Intel's viability is being questioned. I think the sell off is just getting started. Investors just aren't buying the macroeconomic headwinds BS that only seem to be affecting Intel. They have lost patience with a company that can't accurately predict their future 3 months out. If 13/14th gen issues deter enough buyers going into the back to school and holiday seasons Intel could easily drop below $50 B revenue for the year.
Analysts today have a very different view. After yesterday some of the new price targets are in the teens.
https://www.marketwatch.com/story/intel-borders-on-existential-crisis-as-stock-could-see-worst-fall-in-50-years-a79b5c42?mod=hp_minor_pos25