INTC was overbought to begin with. And, now, this revenue bomb in AHs. This market has not been kind to bad news.
Most forecasts had a 1 - 5% revenue growth for 2014. Hey Intel BoD - why dont you lay off some employees to get costs in line with revenue!!! Intel shareholders continue to suffer, while management is fat & happy. Otellini gets $10M in compensation - sickening.
It appears Intel has no choice. x86 will never get the majority of design wins in retail digital (for a lot of reasons). Brian K. basically admitted that today. The hope is that the corporate x86 market will not fall like a house of cards like retail x86 is doing.
I bought more ARMH this morning. Sold some INTC AHs. Thanks for asking.
Flat 2014 revenue guidance...Are you kidding me?!? No OEMS/software companies are going to design for x86 after Brian K's mea culpa today. Intel lost the digital client today.....
I agree totally. I was the 1st to bring this "risk" to the Board this morning while the rest of this Board were giving themselves high-fives. The Bear analysts will be all over this flawed strategy. I'm a buyer of ARMH on this news. Today is the beginning of the end for x86 in the retail market. PC Group down 5-9% next year! Are you kidding me...they slip this news at the end of the day. Nice job Intel.
I warned Wally of this "risk" this morning, yet all he did was call me names.
I warned everyone of the "risks" of a new business model this morning. Intel basically said today x86 will not be dominant going forward by willing to manufacture ARM CPUs. A huge red flag. Intel is losing the digital retail client.
My model is saying is we'll consolidate a bit here in the $25 area, before moving higher. Would have liked to have heard a dividend hike from Brian K. this morning.
Maybe you should listen better & read the analysts comments. This is a shift in strategy & Intel will build ARM products, including those they compete with. It's obvious Intel wants Apple's business & you're nuts if you think Apple is going to switch away from their custom-design ARM CPUs. Intel is admitting they will never get close to dominant share in phones/tablets in x86 (as they did with PCs), so might as well get some portion of the sale, than none.
Yup. An admittance of x86 failure in mobile, especially smartphones. Buying ARMH is the play here. Intel content to be a manufacturing outsourcer = lower margins going forward.
Big shift in strategy today. BK basically admitted ARM will remain the high-volume leader as Intel transitions itself to a contract manufacturer. Expect Intel margins to collapse - there is a reason BK didnt bring up margins in his "forecast".
Future growth projections does not support the current PE. Expect a correction soon. Then, it will be a good buying opportunity.
Major blow to Otellini's legacy, which was MUD already. Otellini a worse CEO than Barrett, & that's saying a lot.
All this talk about CPU benchmarks is meaningless unless Intel steals design wins from Qualcomm & others. In fact, it just adds to the argument that Intel doesnt know how to monetize its huge Fab expense. A big disappointment tomorrow if we dont hear any mobile design wins.
more likely Microsoft is limiting Pro volume so as to promote the NT version. Ballmer want to kill off Intel/x86 & use ARM to build an app ecosystem.
Its becoming clear that Intel made a huge strategic blunder trying to force-feed x86 into mobile platforms...Brian K. better start talking about real Intel design wins into smartphones this week at the investor conference. Intel investors have had enough about Intel "promises" that never materializes.