BK is to busy with other things he let blow up in his face. He and the BOD will wait until the stock market has trashed INTC's stock price. Then they will issue a ton of options to all senior management for the great job they're doing. Then they will issue a statement on how they intend to protect their interest.
Warren sold INTC because his manager convinced him that IBM had a better road map. You can see how that went for him.
Funny, I see a new positive spin coming out of todays CC. I think BK needs to show INTC is serious about INTC's future and thats why the turnover. I also expect the usual sand bagging on next qtr may be done .The old INTC is gone and the new INTC is about shine.Look for Stacy to lose his nervous laugh and really turn a positive spin. I believe both are under pressure to perform or they too may be shown the door.JMO
The u6 was approx 7.7% under Bush and is finally down to 12.5 under Obama your lord and savior.
This number, the broadest official measure of unemployment, is important for many reasons. Fed Chair Janet Yellen has referred to it on a number of occasions, saying in herfirst press conference, “Certainly look at broader measures of unemployment. …With 5 percent of the labor force working part‐time on an involuntary basis, that is an exceptionally high number relative to the measured unemployment rate.”
It’s only been officially tabulated since 1994. It has a shorter history than the headline U3 number, which may explain why it hasn’t been as widely cited. The current number, down from a high of 17.1 percent in March 2010, is still higher than any previous peak in the last 20 years, showing how weak the job market still is.
Too bad they don't use the u6 unemployment rate instead of the feel good u3 rate. That's why less people filed for unemployment and the overall rate went up. The discouraged workers and under employed are finally returning after 7 years.
I like the news but It would be nice to have it substantiated by other 3rd parties.
Once again we enter the quiet period and all the #$%$ roaches come out of the wood work. Just to make matters worse, BK takes this opportunity to shuffle several senior execs out the door. While this is most likely in INTC's long term interest, the timing couldn't be worse ( during the quiet period). Google took this opportunity to say they are teaming up with IBM to make an ARM server to replace INTC at Google. It sure would be nice if BK would find a competent person to take over public relations at INTC. On the brighter side Brean Capital initiated coverage on Intel (INTC) with a buy rating and a price target of 36. Last only 8 more trading days before we hear from BK and company with the earnings report.
How do you think he got his 30% pay raise? It sure wasn't his great management skills that brought the stock to 40/share.
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Would be nice if the mo-mo boys would read the article. We entered the quiet period Fri without a warning and now its non stop INTC is going down the tubes. Even Citi admits they may get AAPL busines but it won't mean anything as they will give the parts away
To be a little more exact. It used to be about mobile - that didn't work. Now it about PC's and that's not working. The next big bug a boo will be servers. Never ending BS from the sell side analysts.
If Cook had a brain in his head, he would unlock phones in cases of terrorism or national security. This would prevent AAPL from having to unlock all iPhones Voluntarily to all law enforcement.
One can always hope. The fact that fund managers have a fiduciary duty to protect their fund holders and protect their investments doesn't really mean anything. Very good reason to never buy mutual funds.
INTC going lower. AT&T is working on drone connectivity. CSCO working on 5g routers. AT&T working on 5g towers. INTC coming out with ed xpoint in mid 2016. AAPL iPhone rumored along with MSFT phone. AMAT and NVDA guided higher. INTC guided up mid single digits and we can't get out of our own way.We should be in the 40 to 50 per share range with all this happening.
Actually the fourth option would be to get all the fund managers to vote the fund shares. That would control way more than an Icahn and the CEO and BOD would soil their panties at the thought of this.
Actually its 19.4% when I wrote the first version on 2-11-16. INTC closed on 12-23-15 at 35 dollars a share which I sold a load of options. We closed at 28.22 on 2-11-16. 35.00 a share times 80% = 28.00 a share. Don't see 15% any way you cut it unless you change the dates.