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Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight

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Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight

#111

Post by kirykl »

scott_s wrote: post #87
theandrewbailey wrote: post #37

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?

I think we're in a post-PC era. Yes, I spend my work days on a laptop. But most of my personal computing happens on an iPhone or an iPad. I think that PCs (and laptops) will increasingly become "things we do work on" and smartphones and tablets will become "things we consume stuff on". A lot of PC sales, I think, were coming from people buying them for personal use to consume stuff. That market is changing.

On the consumer side its possibly back to a shared PC era. Instead of multiple PCs per household, just one PC to do work that's about 5 years old, and each person has their own annually updated phone/tablet for everything else.

Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight

#112

Post by irl_zebra »

logfromblammo wrote: post #48
jmount wrote: post #16

Almost exactly decimation.

Closer to nonation, technically, but decimation is the word everyone already knows.

non is 9, deci is 10, the workforce was reduced by 11. How on earth is 11 closer to 9 than 10? Or were you just trying to sound smart?

Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight

#113

Post by billyhoffman »

IBM wrote: post #107
billyhoffman wrote: post #71

Earlier quoted context omitted.

Why? The POWER->x86 jump was made largely because of the need to have more performance from the chips (raw power) and better performance per watt (for laptops). Intel wooed Apple on what they had available at the time as well as the impressive roadmap of where the they going. I often get 10 hours of battery life on my Macbook pro, so they did something right! I totally think Apple will go to ARM, but I can't see Appl…

I think it's obvious why and you've stated part of it. Apple's designs are rapidly approaching the level of Intel's and Intel is stretching out their R&D and reducing their investment in this area. So Apple will be asking themselves, why give away all that margin to Intel when we can do it ourselves and keep it? (Intel's gross margin is 62%, no idea what it is for their consumer processors specifically).

I misunderstood you then. I read you post as "Intel in financial trouble? This will make Apple leave them"

Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight

#114

Post by mizchief2 »

adrenalinelol wrote: post #75
dntrkv wrote: post #54

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.

^ To add to this I'd lay say the over-valuation(s) are a side-effect of our monetary policy being in never-ending "stimulus" mode. On Intel I think the "everything is going mobile" is PR for investors, the PC market doesn't have any foreseeable growth potential atm.

Why make things when you can borrow money for nothing and move paper around for profit.

Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight

#115

Post by wrong_variable »

intelthrow wrote: post #76
wrong_variable wrote: post #14

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 ?

I hope it's the hardware side of the company waking up that the software and "solutions" side of the company is a gangrenous fifth limb. Things like trying to start an app store when they didn't have content (e.g. Steam) or a platform (Google, Apple, Microsoft), trying to pivot that abomination into a media store after Netflix already won and the studios are all trying to start their own, trying for way too long to d…

Thanks for sharing and providing that wonderful insight !

I agree with all your points - the last time I though about Intel as a brand was in 2002 while wanting to build my own PC ( a very small market of geeks at that )

What particular thing would you say that makes it difficult for them to built good software as compared to amazon ? Intel seems to have a bottomless pit when it comes to money.

thanks again !

Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight

#116

Post by TallGuyShort »

ranci wrote: post #93
dntrkv wrote: post #54

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.

If they can't sell computers in the digital age where software has taken over everything, you can think whatever you want but that does reflect poorly on the economy. Yes, many factors are at play. It is still a terrible sign.

Given the growth in trends such as ARM for mobile devices and dynamic resource allocation on the cloud, I still don't think you can make that broad a statement.

Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight

#117

Post by jernfrost »

IBM wrote: post #41

I think if there's any time Apple would switch to their own ARM designed chips for Macs, it's now. This along with Intel slowing down from their Tick-Tock schedule will probably do it.

That is the bet that I placed some time ago, that in about 3 years, I predict Apple switching to ARM. I believe the work on that is already happening in secret.

As demonstrated by things like iPad Pro, ARM is already more than capable for the things 90% of users are going to do. Realistically Apple would be best of with an intel based Mac Pro, but Apple likes to keep things simple, so I think they will just beef it up with loads of ARM chips clocked as high as possible with plenty of cooling or something.

Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight

#118

Post by hkmurakami »

tma-1 wrote: post #39

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.

Healthcare as a sector is doing pretty well. Consolidation down to 3 major players will likely increase their margins further.

Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight

#119

Post by osweiller »

ranci wrote: post #93
dntrkv wrote: post #54

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.

If they can't sell computers in the digital age where software has taken over everything, you can think whatever you want but that does reflect poorly on the economy. Yes, many factors are at play. It is still a terrible sign.

More computers are being sold than ever before. The market is absolutely saturated with computing devices. And aside from the intense competition Intel is facing, they're suffering the same issue that the GPU makers face -- I once upgraded yearly because the gains made it worthwhile. Now I upgrade pretty much only when something fails.

It is absolutely picking a narrative.

Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight

#120

Post by Zigurd »

tma-1 wrote: post #78
dntrkv wrote: post #54

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.

You also have a large increase in corporate debt, some of which, maybe a lot, has gone into stock buybacks. It's a way of translating ZIRP into stock price while nothing was created.
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