Derp! You are right, my bad
There once was a time when Intel was the Calxeda of the microprocessor market.
At the time there were companies who had already been dominating the space for decades already, who had nice fat margins and a performance lead that was second to no other.
And then Intel came along, as scrappy as it was at the time, and completely took their lunch money and put nearly every single one of them out of business.
Now here we are, 20-30 yrs later, a whole new generation of lethargic and lazy management is in control (hell they were just kids when Intel's management was laying the groundwork for becoming an 800lb gorilla)...and today's management are doing exactly the same thing that DEC's management did to set the foundation for yet another cycle of smaller scrappier companies to come along and eat their lunch.
I'm not at all worried about who exactly is going to be "the
next Intel", that is for wallstreet speculators to fret over predicting, but I am absolutely comfortable with placing my bets on history repeating itself and Intel's complacency and managerial hierarchy being their own worst enemy.
Said a Fairchild semiconductor exec circa 1974....and a Cray exec circa 1984...and a DEC corporate exec circa 1994...and a SUN exec some 10yrs later...and an Intel exec 10yrs later still.
Go back in recorded history as far as you like and one trait is shared 100% across all business entities regardless of nationality and continent - eventually complacency and hubris combine forces and the outcome is the same over and over again.
Intel is clearly no longer paranoid in the desktop and server markets, and only the paranoid survive.