The Board would presumably be mostly replaced and the company streamlined.
This is what the Board and ELT were trying to avoid by pushing Pat out the door, trying to lay the blame on him when everything the company has done, ever, is a group decision.
So much butt fu--ing going on
And who the fakk are you?
Even if the incompetent board and CEO are dumped, the top 3 levels of managements are incompetent and they are more damaging than the board and CEO. The biggest industry joke is: ATTD managers (human managers) came to TD to manage TD automation, but he/they do not know anything. How will Intel move on with all these incompetent people? They do not have self-awareness that they are not qualified, and they are damaging the company.
@wmf Thanks for the article.
I think a market or sector decline could drive Intel below the $10 mentioned in the article and see $7 to $12 as an extreme low, last hit in the GFC (so one can guess what I think is coming to this 1920s market).
Their target is based on a gross margin of 5%, and they seem to be focused on revenues and not cost. Certainly the company can lose another 15k headcount and further scale back equipping the new fab shells.
The company is also about to start selling off product groups, which will make it more difficult for the stock to get to an extreme low. Altera, Mobileye, NEX at the least and maybe DCG and some other lagging groups.
Their timeframe is 2 to 4 years, by which time Floundry will have picked up a few more customers and I'd think the company would be a far more lean operation than is currently the case.
Who are the Activist Investors? Is there an entity with enough ownership to over-throw the existing, industry worst Board? Is it the same group suing Gelsinger for his I’ll gotten gains? An intervention is required to save this ship wreck. Bloomberg sees this going to $10: https://www.forbes.com/sites/greatspeculations/2024/12/27/intel-stock-downside-of-10/
The board was very ineffective and most members should be replaced. But pushing Pat out was the right thing to do and should be done much sooner. I thank the board for fixing the fatal error that they installed four years ago.
And @OP knows this how ?
About time to dump the incompetent board and ELT and save this company.