From Pat:
Intel, Our annual revenue in 2020...was $24 BILLION HIGHER THAN IN 2023. ..
Let that sink in everyone....really...sink in...Pat knew this going in 2 years ago..and HE DID NOTHING!!!!!!!!!!!!!
2H of 2024 expectations will be a DISASTER- CPU CHANNEL IS OVERFILLED......
https://www.youtube.com/watch?v=dhy1cycg-4s
5 replies (most recent on top)
I would add to that list laying off of 25K employees WW many of whom deserved to still be at their jobs. They make bad decisions and good workers take the brunt.
@h1d… Intel revenue has never gone over $80 billion and PGs salary was only in that range his first year when intel was paying him for the unvested VMware stock that he walked away from to come to intel. Other than that everything else you mentioned seems true.
The fact the board sat quietly by and watched while this buffoon destroyed a once great company, says volumes.
In what other position could you show up to Focal with stats like:
Dropped revenue from 88B/year to 50B/year.
Dropped stock prices from $65 to $19 per share.
Sold millions upon millions of faulty processors and refused to honor the warranty.
"Thank you for your service, Pat! Here's an extra $8,000,000 for your troubles.
Keep up the great work! If you can drop revenue to $20B next year, we can guarantee a bump from $184,000,000/year to $200,000,000....."
There were some embarrassing clown shows.
His statement @37:40: “ If you have me shares of Intel, I would sell them”