Ashraf single-handidly saved INTC shareholders from the short-term effects of this rumour. Stock has recovered a lot of what it lost in AHs since Ashraf's article came out. Ashraf doing the job Intel's PR team should be doing!!
Ashraf, you need to get on CNBC. Thats where you can really have a big impact. We need a pro-Intel view on that show.
Brilliant timing on their part as INTC just failed another attempt at breaking thru $25 & it appears the overall market is about to correct 7-10%.
As I've said before, Intel needs to vertically integrate ASAP since companies like Apple & now Google have the capability to provide the entire device, including all software, hardware & services. Paul O. was asleep at the wheel while all this was happening right in front of his eyes. His excuse - we dont want to "compete" with our partners. What a joke.
I tend to agree with him. Probably why he was passed over for the top job. Horrible strategic decision-making leaves Intel in the position its in today.
HP is getting lean & mean with layoffs, cutting expenses. Meanwhile, Intel is saying R&D/Fab expenses will continue to grow with no layoffs - all this while revenues are cratering. Intel's CFO is doing a horrible job. Most big-name tech stocks at/near 52-week highs as a result - but not Intel.
The problem with Intel's business model is they have NO CONTROL over product segmentation. The OEMs are using Haswell, Core, Baytrail, etc. as they see fit, usually not at the price points & features as Intel had planned. Thats the problem when Intel is content in being a component supplier only & not vertically integrated. Anyone with half-a-brain could see this trainwreck happening 3 years ago, except Paul O. apparently.
They are usually correct with their forecasts.
so much for it being a leadership chip. No top OEMS will touch it for any of its mobile products, even at discount prices. Once again, the design team blew it. 2014 will be a very bad year as Intel has no mobile leadership products against the competition. Intel executives should be ashamed of their optimistic "dog-and-pony" show at the investors' meeting trying to portray an improving situation. The fact is, things are getting much worse.
Announce a layoff of about 20K employees, which they should be doing. That would pop the share price up.
Amazon, Google, Apple, Samsung, IBM, etc. are all selling their hardware devices at cost (i.e., NO profit) because they can get revenue in other ways - content, software, services, etc. This is a huge blow to Intel's business model. CEO Brian K. - a manufacturing guy - just doesn't get it.
Ex-CEO Paul O. blew it. Plain-and-simple. He even admitted it. Yet, he's still collecting $Ms in compensation & free stock options while the stock does nothing. Horrible leadership.