News Intel 3Q24 Earnings Results

[gdansk]

If he believed in 18A why does he need to pray?

I already offered a reason why but if you don't want to read the post directly above the one you're replying to that's fine.

But so far he hasn't filed to sell large portions of his shares. And he knows more about the state of 18A than you or I. Praying is what he does regardless and now that he's not CEO it's all he can for Intel.

 

[Doug S]

If he believes in 18A, why would he sell it? And he has far more insider information than say you or me. But it's also Pat, he doesn't have an entirely grounded view of what Intel can do anymore.

Stock options don't vest immediately, so he wouldn't be able to exercise all of them. They also have a strike price, and ones that were issued less than 6 months ago before Intel dropped 35% probably have a strike price higher than the current price - making them worthless now but potentially worth a lot if Intel recovers and the stock price shoots up before the options expire.

 

[gdansk]

Stock options don't vest immediately, so he wouldn't be able to exercise all of them. They also have a strike price, and ones that were issued less than 6 months ago before Intel dropped 35% probably have a strike price higher than the current price - making them worthless now but potentially worth a lot if Intel recovers and the stock price shoots up before the options expire.

He has a lot of reasons not to sell what he has already. But most of them hinge on the idea it'll go up.

 

[deasd]

BBB for Bullish or Bearish?

Intel Corp. Downgraded To 'BBB' On Slow Business Recovery And Uncertainty From Management Changes; Outlook Stable​

https://disclosure.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3297923

https://www.reuters.com/technology/sp-global-downgrades-intels-credit-rating-slow-recovery-management-changes-2024-12-10/

 

[carrotmania]

BBB for f(^*ed

 

[maddie]

BBB for Bullish or Bearish?

Intel Corp. Downgraded To 'BBB' On Slow Business Recovery And Uncertainty From Management Changes; Outlook Stable​

https://disclosure.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3297923

https://www.reuters.com/technology/sp-global-downgrades-intels-credit-rating-slow-recovery-management-changes-2024-12-10/

Maybe I'm just dumb, or are these writers stupid? Do those two (bolded) go together as written?

"Uncertainty From Management Changes; Outlook Stable"

 

[Kepler_L2]

Maybe I'm just dumb, or are these writers stupid? Do those two (bolded) go together as written?

"Uncertainty From Management Changes; Outlook Stable"

I think it makes sense. There's a risk the firing of Pat will destroy Intel long term, but for the moment they have a bean counter CEO that will cut down spending and prevent a major financial crisis for the company.

 

[Panino Manino]

BBB for Bullish or Bearish?

Probably something like bibibi biiiibiiiibiii bibibi...

 

[Joe NYC]

Here are the bond rating levels explained.

 

[igor_kavinski]

There's a risk the firing of Pat will destroy Intel long term

There was definitely a risk he would've destroyed Intel by overspending on fab. Just picture Pat gleefully holding an 18A wafer in his hands while all around him, Intel burns.

 

[adroc_thurston]

while all around him, Intel burns.

it doesn't? fyi even NEX rebounded a bit, and they had a rough patch.

 

[igor_kavinski]

it doesn't? fyi even NEX rebounded a bit, and they had a rough patch.

NEX?

 

[adroc_thurston]

NEX?

Network and Edge group.

 

[Joe NYC]

it doesn't? fyi even NEX rebounded a bit, and they had a rough patch.

I think client segment is where Intel fate will be decided - if Intel can maintain 80% market share even though the quality of Intel's product "deserve" no more than half of that market share.

In other words, if based only on merit, Intel client revenue would be half of $7.3 billion, or about $3.65 revenue drop.

Which would translate to Intel losing money in billions+ per quarter. No amount of NEX revenue can compensate for that.

 

[adroc_thurston]

even though the quality of Intel's product "deserve" no more than half of that market share.

Product alone doesn't decide that.

 

[AnandThenMan]

I think it makes sense. There's a risk the firing of Pat will destroy Intel long term, but for the moment they have a bean counter CEO that will cut down spending and prevent a major financial crisis for the company.

Thanks Intel PR team appreciated.