Intc is like the company that made fabalous buggywhips about the transition time to the internal combustion engine. Who would want a vehicle with an engine when you could have these fabalous whips in all shapes and sizes? But here they are, over 100,000 employees strong, manufacturing products that go well with horse drawn carriages. It still is following Moore's Law closely, while the rest of the world has moved on.
In fact they have spent money like drunken sailors on plants that are now being mothballed after construction for lack of demand. The are books written about "disruptive technology" and how about companies that wont or cant change go by the wayside. So who are the executives leading this destruction--they are long term employees of INTC who have only that sole working experience to rely on as their company implodes. Its sad to watch from the outiside.
Everybody see how the Executives and Directors are feeding at the trough with free stock options money?
This options game was set up when Barrett said the interests of management and investors would be aligned.
Take a peek how the above people are cashing in--and the stock price has barely budged in years and years.
The company has spent $40 or more billions in the past few years on R &D, plus capital improvements, and they don't have much to show for it--if you look at those expenditures over the past 10 years, the figure is much higher--yet these same individuals totally missed the transition to mobile for example. If the CEO, who also feeds at the same trough, was serious, he would put a stop to all this cashing out nonsense until such time this company can turn itself around and show growth! But the chances of that happening are probably zero--and all that will happen is much of the same ineptitude continuing. Talk about watching paint dry!