Oh man, they're even better than AMD at laying off people.
Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
121–130 of 531 posts
Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
#122So 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.
To be pedantic: the market is perfectly valued at every moment. Of course market prices will change, sometimes very quickly.
BTW, this is a great site for tracking S&P ratios: http://www.multpl.com/
Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
#123Does 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…
>There are too many layers at Intel, and that leaves too many of those layers too well insulated, able to believe it was the brand that won them their markets (not the economics: Wintel monopoly in personal computing history, having the best server and laptop parts currently), and that despite the economics of new products and "solutions", the brand will somehow convince people to buy in.
Well, as a gamer, intel (and nvidia) are just the best.
I had AMD Athlon and it was an amazing processor. The modern ones just do not compare to Intel ones. AMD also pulled riddiculous shit when they stopped releasing drivers for linux on 2 or 3 years old GPU's - therefore they can go fuck themselves.
Ive got 4790K and it is just great, runs cool (just a decent upsized aftermarket radiator for ~30$ - no water!), doesn't abuse my fans, will probably last me 5 or 6 years performance wise
For a bulk buyer of crappy throwaway corporate laptops, the AMD might have some appeal...
Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
#124One must understand that this is re-structuring. Intel is probably letting go of some divisions it no longer intends to pursue. In the not-so-distant past, Microsoft did an internal re-structuring when Satya Nadella became the CEO. It isn't as bad as it is portrayed to be as most people end up getting re-hired in other groups or take the severance and join a new company.
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 recently started working on a little eCommerce project. I found a way to indirectly estimate the sales of some of my competitors products. So I downloaded about 13gb of this data, processed it down into about 80 million rows and than ran a bunch of stats on it. Now 80 million rows is not "big data" scale, but it's not super small either. With my 16gb of memory (that I paid I think $400 for), my humble quad core i7 that i paid $300 for, and my 500 GB SSD. that I paid $100 for, My less than $1k desktop crunched through this dataset with no effort at all. I consider myself a "power" user, and my humble machine can do everything I can throw at it, and more. It'll be a long time before I upgrade again, and when I do, i'll probably buy the cheapest processor on the market. I'm probably not alone here.
Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
#125I 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.
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…
You already made the case for it. In a couple of years, intel performance will simply not matter to 90% of users. They will care more about battery life, size, screen quality, weight, thinness, quality of build materials, speed of SSD disk etc.
But the big difference between POWER->86 is that Apple now has majority of their products on a different architecture. Apple is a company that likes simplicity. They are going to want to have everything on one hardware architecture. As laptops get thinner they will basically be able to use identical hardware in iPads and laptops. It will just be different hardware exterior and OS.
Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
#126So 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.
Goldman's stock price is approximately 25% off it's 12 month high. [0] Morgan Stanley is approximately 35% off. [1] Seems like the market is properly taking in their bad news. Some parts of the market do fine, others get hit. And yes, some might be over-valued. When interest rates are low, the future cash flows of companies are discounted back at a lower rate. So if all things are equal (which they never really are, but humor me) low rates imply higher prices for both equities and bonds, and especially startups whose cash flows are mostly in the future.
Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
#127Earlier 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.
Yes, but most of those "computers" (that people do keep buying) happen to be smartphones these days.
Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
#128Intel's IT department is so big it was for me to believe it. On the other hand I am pretty amazed that they were so serious about keeping internal application communication encrypted end to end, in every layer.
Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
#129So 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.
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Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
#130One must understand that this is re-structuring. Intel is probably letting go of some divisions it no longer intends to pursue. In the not-so-distant past, Microsoft did an internal re-structuring when Satya Nadella became the CEO. It isn't as bad as it is portrayed to be as most people end up getting re-hired in other groups or take the severance and join a new company.
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?
No. Computer sales are at historic lows. We've reached the confluence of computers being "good enough" (there are no longer much performance gains from buying new computers) and more and more consumer computing moving to tablets/phones.