Would this have been the same board which for years kept pushing for short-termism exemplified by share buybacks?
Yes, there may have been some talk about AI and ML the last few years but surely the board having lived through Intel 14+++ and 10nm for show shipments should know not to take blustering talk seriously?
Hot-air and hyping Intel's next thing as being the greatest are surely pretty transparent at this stage, unless the board was born yesterday
Yes, there may have been some talk about AI and ML the last few years but surely the board having lived through Intel 14+++ and 10nm for show shipments should know not to take blustering talk seriously?
Hot-air and hyping Intel's next thing as being the greatest are surely pretty transparent at this stage, unless the board was born yesterday
And as interim CEOs Intel chose a financial and a marketing persons. Can't wait to see who the chosen CEO will be, this will be a serious hint of where Intel heads.
adroc_thurston
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No lol, CFOs are always next-in-line during interim periods. See Bob Swan.
If Intel's interim period lasts for 2 years, this would only assess we're indeed discussing about a rotting body (something I take for granted, but still).
adroc_thurston
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No, Swan was an actual CEO since 2019.
But there was an interim period between BK resignation and his appointment as the Real Thing.
adroc_thurston
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The point is that CFO is always the next in line during the interim period. Got it?
Gideon
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Interesting observation by Patrick Moorhead
And a reply
desrever
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adroc_thurston
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It's pretty obvious Pat was forced to walk out since they named no real successor.
GTracing
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Yeah, it's kind of funny how Patrick Moorhead is acting like he's the only one who realized that Pat was asked to step down.
desrever
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Wouldn't be surprised if it had something to do with the government money. Its just very sudden that Pat gets fired right after Chips act money finally gets approved.
My guess is the board expected Pat to be able to negotiate a better chip act deal along with everything else failing at Intel.
Since the Intel Foundry is broke, and will most likely owe a refund of Chips Act money to the US government, Intel can sell the foundry to US Government for $1, and Trump assigns it to Elon Musk as another side quest.
One thing they could do is make like GloFo and keep the foundry but don't fund future node development.
desrever
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They would have to get some customers on their nodes for that to even work.
It'll flop too. TSMC did those nodes better too and can still do it cheaper due to scale.
They have to be like GloFo and find weird niches.
adroc_thurston
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He's too busy chewing ketamine to manage anything. Whatever.
Saylick
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Doesn't help that Trump is anti-immigration and Intel, of all companies, hires a lot of H1B visa employees.
Saylick
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Welp, that 5% increase when Pat's retirement was publicly announced is now in the rear view mirror as well, just like Pat himself. Not going to lie, I had queued up Intel stock purchases at $20 per share and would've been fine had the stock price fallen that low again, but now I'm not sure I want to be a part of this mess. Orders cancelled.
Pat already has a new job lined up, as an NPC:
- Aug 22, 2001
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Everyone please keep the political discourse pertinent to Intel. Most has been on point but let's leave the political figures themselves out of it where possible.
My commentary on push ups Pat getting canned:
Some keep asking what he did wrong? Really?
5 will get you 10 that report based on 4 different sources, about his big mouth screwing up the discount from TSMC, was completely factual.
His foundry strategy is to date, a bottomless money pit.
He accelerated the brain drain like he was driving a funny car.
He could have intervened and stopped all of the punitive measures enacted against employees. Killing morale and encouraging malicious compliance are just some of the collateral damage to go along with the brain drain. The recent story about bringing back free coffee was surrealistic. What low grade imbecile came up with the idea of taking free food and drink away? What a clusterfudge he oversaw.
My commentary on push ups Pat getting canned:
Some keep asking what he did wrong? Really?
5 will get you 10 that report based on 4 different sources, about his big mouth screwing up the discount from TSMC, was completely factual.
His foundry strategy is to date, a bottomless money pit.
He accelerated the brain drain like he was driving a funny car.
He could have intervened and stopped all of the punitive measures enacted against employees. Killing morale and encouraging malicious compliance are just some of the collateral damage to go along with the brain drain. The recent story about bringing back free coffee was surrealistic. What low grade imbecile came up with the idea of taking free food and drink away? What a clusterfudge he oversaw.
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