Looks like really bad news for shorters and won't help AAPL woes unless they to have plans to switch to an INTC processor.
Wonder what AAPL will do. Will they go to an INTC processor to or will they become second best not being able to do Windows on their phone?
Gotta love the CEO & CFO. Won't be in until 9 with their latte's. That's noon on the east cost and the day is already determined for the stock price.
At this point anything would be better than nothing. Maybe they should take their que from CSCO as all tech stock have a high correlation with each other. Won't be but a few more weeks and we will be in the quiet period again and then watch the jackals come out and rip INTC a new one again. They need to come out and counter some of this negative press INTC is getting in both reputable and rag journals.
Hoped INTC management watched and learned from the CSCO CC. Dow future are down 279 at 7:25 AM. CSCO is up a buck and a quarter. INTC is hiding in the corner and down 75 cents. When will these idiots come out and defend this stock?
Notice how CSCO runs a CC. They're up a buck and a half. Notice how INTC beats by 11 cents and they're down 9%. Wonder if senior management is watching and learning how competent people run a CC. Wonder how long INTC will sacrifice stock price for senior managements incompetence before they quit worrying about diversity and start requiring competence.
INTC is down 20% from the first of the year. Every day INTC gets ridiculed by both reputable and rag articles. The response from INTC is nonexistent. This can only lead to 2 conclusions, what is being said is true or the management is so inept or incompetent that they don’t respond. Investor relations has assured me they have a long range plan for INTC’s success but after losing 20% in 7 weeks and no response from management it makes you wonder. INTC seems to be obsessed with diversity and don’t seem to care about competence. The CEO should resign for lack of public leadership and the CFO should also tender his resignation. Every time Stacy speaks with his nervous laughter, the stock holders cringe and the stock price sinks. Investor relations are good at feeling our pain but nothing else. Public relations are nonexistent and should be replaced. The sales dept. needs a major overhaul if these articles have any truth to them. Manufacturing needs to step up its game if these articles are true. There should be an immediate moratorium on all stock options and stock grants until INTC once again begins increasing their earnings per share and results in increasing stock price. Anything short of this should be grounds for a class action law suit for misfeasance, malfeasance, nonfeasance, breach of fiduciary duty, and incompetence.
Looks like Citi's scorched earth policy of a world wide death spiral took precedence.
Thought Wall St was going to get 4 dividends out of INTC when it went ex-div. Apparently they felt 8 dividends was more appropriate. You'll be happy to know investor relations responded back to my e-mail and told me they owned stock and options also and felt my pain. They also went on to say they had a plan for the long term success of INTC.
Would like to think is was more than a waste of $5,000 dollars. Maybe a trial balloon to force some short covering.
I think your right. BK is spending too much time with the diversity issue and not enough time holding people accountable. He should be holding them accountable or firing them for non performance. He then can fill those positions with competent people regardless of their race , but hold them accountable to the same standards as everyone else.
All you need to know is when INTC enters a new area every journalist gives a 1,000 reasons why they won't succeed. When anybody trys to enter INTC's domain, the same journalists give a 1,000 reasons why they will succeed. Leads you to believe they have an axe to grind and management is doing nothing to counter it.
You liberals amaze me with your selective recall. The day the clown took office gas was a $1.88. Since then we have spent most of the time in the $3.00 to $4.00 range. To give him credit for this speaks volumes of why our country is falling on its face.
I agree with you. Suggest you write investor relations and let them know of your concerns. Here's one of two I sent today. Gentlemen, As of Dec 2015 Intel has lost 35 billion in stockholder equity and so far their has been no response. Would you please forward this to all senior management and the BOD. The price of INTC stock continues to erode faster than water over a dam. No one at INTC seems to care that stockholders had earned money is being eroded by management’s malfeasance, misfeasance, and nonfeasance. Their attitude toward the stock price is one of complete incompetence. If Stacy was half as smart as he thinks he is, he would have implemented a stock buyback of unlimited proportions. This could be done by using the present 3.6% dividend yield and using it to pay interest on the stock they bought back. I know as a businessman that I can get money for less than 3.6% and I assume you have better avenues than I. The fact you haven’t done this and made public how ridiculous the stock price is speaks volumes as to your arrogance and incompetence. I would suggest you spend less time promoting people and start holding people accountable or start firing them.
Could that mean Jimmy Covello is gone or that he had a change of heart.?
Looks like somebody is trying to get 4 qtrs. div this week by trashing the stock price like do every qtr.
Wally - Your eternal optimism is nice but the facts are: XOM earnings are down 58% and they cut CAPEX by 25%. Oil was down over 5% this morning. This in my opinion and Wall St agrees is not good. Someday when BK and SS can make it into INTC before 9AM and take defensive action on the stock price, we may have a chance. If they had a brain they would buy all the stock they can at this price. INTC will be paying a 3.5% dividend and can borrow the money for less than that. With BOJ going neg on their borrowing funds and Europe starting Quan easing, the fed will have no choice but reduce fed funds rate and make borrowing even cheaper.