91–100 of 531 posts
Almost exactly decimation.
Closer to nonation, technically, but decimation is the word everyone already knows.
Am I the only one with a sinking, gut instinct, that this is indicative of a deeper problem in the economy? It feels like a crash is lurking... Maybe I'm just paranoid?
So Intel is cutting 11% of its workforce, Goldman Sachs just reported a 56% drop in profits, Morgan Stanley had a 50% drop in profits, Netflix missed subscriber growth estimates etc... yet, the Dow just hit a 9-Month high, and the S&P500 is now above 2100. The whole market is overvalued, not just the tech unicorns.
If you pick and choose stocks, you can tell any story you want. Intel cutting its workforce is more of a reflection on the state of the PC market rather than the US economy as a whole. I'm not saying the market is overvalued or not, but this is in no way indicative of that.
Earlier quoted context omitted.
That is odd, because they also reported an 18% increase in profits.
quote from zerohedge: Instead of using the same tax rate as a year ago, when it had an effective tax rate of 25.5%, this quarter the tax rate was down 7.1% to just 18.4%. Had INTC used the historical tax rate, it would have, surprise, missed. Worse, INTC just cut its outlook, predicting revenue of $13.5 billion, plus or minus $500 million, for the Q2, about $700MM below consensus estimates.
Does anyone working within Intel know the reasoning ? It seems skylake is doing really well. Is it mostly electrical engineers working on the processors or sales and marketing people ?
Intel finally realized that ARM is dominating growing sectors (mobile and embedded[1]), while they're dominating the shrinking ones (desktop and server). [1] still can't bring myself to say IoT.
I'm not sure how much of an effect this would have, but from a consumer's point of view, there isn't as much of a reason to buy a new PC every few years anymore. The laptop I'm using right now was purchased in 2011, and the prices in stores now are very comparable to what I paid back then. I've made up my mind to buy a new one a few times, but then when I go to the store, it just isn't worth it.
That's exactly it. The same performance isn't (that much) cheaper, and it's actually difficult to find any sort of high performance laptop (for cheep). Plus, the last few laptops I've purchased all seem to die JUST after the warranties (extended or otherwise) expire. Are they finally at least putting 1080p+ screens on these as a standard thing, or is everyone still stick on that crummy 1366x768 regression?
Earlier quoted context omitted.
If you pick and choose stocks, you can tell any story you want. Intel cutting its workforce is more of a reflection on the state of the PC market rather than the US economy as a whole. I'm not saying the market is overvalued or not, but this is in no way indicative of that.
Have you been following the current earnings season? We are witnessing horrible earnings while stocks keep going up and up. All the losses in August 2015/February 2016 have virtually disappeared after the oil price recovery.
Earlier quoted context omitted.
News like this out of the blue is strange. I was pretty sure that the post-PC era was a sham. It still is, right?
This isn't at all out of the blue. As the article states, Intel revenues have been declining for over half a decade now. A few years after the first iPhone hit the market.
Earlier quoted context omitted.
News like this out of the blue is strange. I was pretty sure that the post-PC era was a sham. It still is, right?
How much of your time is now on a mobile that used to be on a desktop? Their core business is drying up.