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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

#151

Post by forgotAgain »

sbov wrote: post #97
mjevans wrote: post #66

Earlier quoted context omitted.

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?

Much to my boss' disappointment, it's almost impossible to find a 1366x768 laptop, or more generally, one that isn't 1080p.

Writing this on a Toshiba I got at Staples on sale last year. It has 1366 x 768.

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

#152

Post by jordache »

rubicon33 wrote: post #15

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?

isn't a more direct conclusion is that chip progress has slowed. People's upgrade cycle has extended significantly, and thus less demand for Intel's products?

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

#153

Post by fokov »

malchow wrote: post #67
5ilv3r wrote: post #49

Earlier quoted context omitted.

How much of your time is now on a mobile that used to be on a desktop? Their core business is drying up.

Am I the only person for whom the answer to this question is "almost none?" I'm serious: about 80% of my day is meeting with real people in the real world. Mobile phones haven't changed that. The other 20% of my day is sitting at my desk creating original work product (mathematical models and thoughtful memoranda) or reviewing the work product of others. Mobile phones haven't changed that, either. No doubt the drough…

No, you aren't the only one that barely uses mobile stuff. My desktops and use of laptops is essentially required for my job (software engineering). I've seen 1 person switch to a tablet, but I'm not sure they have enough power to do the things I need. One day all of this will merge into a single unit, but right now I see separate needs/uses for both.

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

#154

Post by lotyrin »

emp_zealoth wrote: post #123
intelthrow wrote: post #76

Earlier quoted context omitted.

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…

Exactly, even if gamers were a big market, they follow the ROI too. Intel can't try to be a brand the way Nike is or the way LV is, they sell technical things to technical people but mostly to industry.

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

#155

Post by wuliwong »

cft wrote: post #139
adrenalinelol wrote: post #75

Earlier quoted context omitted.

^ 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.

The stimuls mode is a permanent regime now. It's good in the short term, but I do not know if anybody understood mid- and long-term consequences of this new permanent mode.

There is nothing mysterious about the short, mid or long term effects of artificially low interest rates and quantitative easing.

edit

Here's a link to read about it. https://mises.org/library/unseen-consequences-zero-interest-...

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

#156

Post by funkyy »

ElysianEagle wrote: post #65
funkyy wrote: post #35

Earlier quoted context omitted.

Its corporation. Morals are not really the top priority. The results are.

But it could just as easily be argued that a highly political environment which necessitates such behaviors leads to poor morale, quality employees leaving etc. etc. which couldn't be good for the company long term...

I would say it all depends on the point of view of the people in charge. The reality is what they decide and whats their take on that.

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

#157

Post by mathattack »

tma-1 wrote: post #146
mathattack wrote: post #126

Earlier quoted context omitted.

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,…

Both GS and MS (as well as other FIs) are off there highs because of all the volatility in the markets the past 6 months and worries about losses from bad energy loans. BAC, WF, Citi are all off their 12-month highs by a significant margin despite doing relatively well in Q1. Also, this has nothing to do with discounting the cash flows, it's mostly stock buybacks that's driving all the action: http://www.bloomberg.co…

These go hand in hand. The debt issued to buy back the stock is cheap. :-)

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

#158

Post by VLM »

dev1n wrote: post #98
tma-1 wrote: post #78

Earlier quoted context omitted.

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.

oil is a leading indicator of demand. The fact that it picked up is a sign that demand picked up. stocks are continuing to rise because investors see the current drop in earnings as a blip, not as a market catastrophe.

In the old days broad economic demand moved faster than production declines. So production being vaguely constant the price told you a lot about main street employment.

In the modern era of frac wells where depletion rates are like 50% in 2 years, broad economic demand is now much slower than production declines.

That's the problem with secondary recovery... The "balance sheet" looks good in that you'll profit (unless prices tank) but the cashflow is terrifying you don't dig a well and collect for 30 years like the old days, you do exotic processes and get high production rates for like two years, then production drops to zilch.

On a large, century size scale it screws up Hubbert graphs. You can ramp up for a century, but extensive secondary production means the decline slope will be just a couple years instead of a nice symmetric century or whatever.

By analogy its like switching farm land from an olive orchard to corn production and being surprised at fundamental shifts in the financial sheets. (Yo its just another plant, right, well theres a bit more to it...)

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

#159

Post by shostack »

wolf_cook wrote: post #12
mikeyouse wrote: post #9

Holy bloodbath.. From CNBC: > Shares of Intel were halted after the bell Tuesday as Intel announced it would cut 12,000 jobs, or 11 percent of its workforce > The technology company also said the CFO would step down

From CNBC: "The technology company also said the chief financial officer Stacy Smith would leave that role to lead sales."

Hmmm...CFO heading up sales is not something you see every day...

Anyone have any further context around this?

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

#160

Post by shostack »

_qbjt wrote: post #70
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 asked a friend who worked at Intel and he said part of it has to do with the company's hiring and organizational structure. The basic gist is that people are brought onto teams that only exist long enough to fulfill their initial objective. While some teams are dedicated to long-lived consumer product lines, others might focus on R&D or custom B2B orders. Once a team has fulfilled its responsibilities within the la…

Is this a similar issue to what was reported about Amazon getting rid of people after their product launches (even if successful)?
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