The board will soon have no option but to fire Pat. People are so distracted by the daily news and gossip that they are losing sight of the next shoe to drop - earnings call on October 24. If Intel misses or even meets the already lowered guidance, it will be the end of Pat and the joker CFO he hired. If Intel manages to beat guidance, Pat might get a reprieve for another quarter.
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Pat has a very long but skinny weiner. Like a witches finger. Picture it in your minds eye.
The only way for pat and the board can save any face is to sell it!
Yes this will be written up in those business case studies used in various graduate and mba programs. It will be infamous for destroying an American institution. His legacy will be taught through the university system as a cautionary tale. I wonder if he knows or realizes this yet?
https://hbr.org/2024/09/ai-can-mostly-outperform-human-ceos
This CEO not likely to do any worse than PG, and save Intel loads of Money to reinstate snacks and drinks, with change to spare.
CEO change after Q3 earnings.
He made Intel history and will be remembered in semiconductor manufacturing lectures for future generations to learn.
No way he needs to salvage his legacy! He wants to be remembered in reverence for saving Intel!
I am quite optimistic Intel will meet the 3rd quarter guidance with some slight op margin improvement. Whether that happens via good business results or financial accounting remains to be seen. The bar is so low for q3. The stock will move up and intc will claim the psychologically 100B market cap. I believe Pat will be super conservative with Financials going forward for the rest of his tenure.
We can all hope he's outta there!
If it’s anything less than horrific you can thank Dave the book cooker.
Omg I even stopped checking circuit. Did he post any BS again ? Thin fu---r needs to be with Diddy now