The quarter ends in about 2 weeks (30 September) and everyone has been stressed the entire time. I predict that Intel revenue drops below $50 billion for the year. More of the same in Q4.
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The earnings report will have outstanding projections. Stock up 30% that day!
Loadings are the same at q2 maybe a little less. Plus the have to take the hit for all the severance so worse than last quarter. I won’t be around taking the ERP never to work again.
If you're expecting enough revenue growth to fund all the expenditures and slow the cuts... not gonna happen.
We’ll be less than laying a goose egg
That's not even a topic of discussion or interest at Intel anymore. It's all downhill from now on filled with back to back ISPs for at least another 2 years.
Retired after sept 30. Can buy derivatives to protect my investments
Remember that IBM had to pay people to take over their fabs because they were worth less than zero.
https://sst.semiconductor-digest.com/2014/10/ibm-to-pay-globalfoundries-1-5b-to-take-over-chip-fabs/
Bloodbath.
Then comes the ISP's to shave another $10B.
Then the breakup and sale of Foundry to - wait, no one would want to buy it. Perhaps China, but even then it may not be possible.