"Intel's stock is up 3.1% after co-CEOs Michelle Johnston Holthaus and David Zinsner presented at the Barclay's Global Technology Conference, providing insight into the company's future direction. They announced plans to separate the foundry business into a subsidiary, potentially spinning it off, and are exploring options for its stake in Mobileye and Altera unit. The company aims to stabilize and regain market share in the data center in 2025 and improve its competitiveness in the chip design space, which has been impacted by gains from Advanced Micro Devices."
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Jesus , these are meant to be educated people. You can’t just say ‘we’ll get better’ and expect people to believe it …. Jeez
Anything new mentioned at all , anything ?
Sell sell sell
Those two hated Pat and his agenda so much. But kept quiet until now. Now they can’t stop talking about how bad he was. Sheep ! Why didn’t you speak up before !
In other words we are going to do the same thing for the next 5 yrs until we can no longer borrow money. Run this company into the final ground and take our bonus home.
Paraphase - 'we are the honest team, don't listen to that last guy who was boastful and cocky like the TSMC Chairman said...'
Meet the New Strategery, same as the old Strategery.
But done more efficiently.
and lets rearrange the deck chairs again on the Titanic after we have hit the iceberg
that should help
Same sh it in different tones.
Financial reorganization will not fix pervasive cultural problems. I am surprised that Intel management and board still don't understand that!!
"improve its competitiveness in the chip design space" .. and exactly who has been taken to task for so royally failing at design (and QC), and the plans to stop that failing ?
In other words, exactly what Pat wanted to do....
Didn't they get on circuit and say we're not separating the foundry? Did I misunderstand?
so they talked and the market share went up, do I have that right
they literally made money by talking
no wonder why fraud street is such a joke
snake oil salesmen
He also said Intel is done, at the moment, with significant employee layoffs. The company has laid off approximately 15,000 employees this year.
"However, we will still be constantly scrutinizing where we are getting the most return," Zinsner said. "I think there are some ways to simplify and focus what we are doing."
How about developing a strategy that makes sense to save the company from becoming Kodak, then executing on that strategy.
The market wants to see the company broken up and I think that the best part to keep is Foundry, but as that is nonprofitable it seems likely to be better in the short term to separate it and do an IPO, then have the market provide the billions needed.
What is left are a bunch of Product groups that do make a profit but are like AMD back in the old days, on a fast path to $0.
In any case, the chatter from D-mb and D-mber seems targeted to enable the stock to hold to the recent range. The upside to a full breakup is not likely over $30, so the stock is a trade at best, and far more interesting in the lower teens than at $20.
"We are more likely to tell you things after they are materializing rather than tell you what we are hoping to achieve in the future," he added. "This is why the board chose us to lead." https://seekingalpha.com/news/4386050-intel-co-ceos-say-they-remain-invested-in-foundry-not-writing-off-separation