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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

#181

Post by maerF0x0 »

partiallypro wrote: post #150
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,…

The GAAP P/E of the S&P is now at 24.28, that's near, if not, a record high. That's bad. It's very overvalued historically. Banking stocks are doing badly because interest rates are so low across the curve that they can't make money from the spread. But even at that, they are overvalued along with various momentum stocks like Tesla, Netflix (which we saw implode yesterday.)

I started investing my retirement money recently. Thats about a good of a signal as any that its going to plummet.

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

#183

Post by protomyth »

theandrewbailey wrote: post #37
anilshanbhag wrote: post #20

One 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'm thinking its not so much a post-PC era as a customizable SOC era, and Intel does not want that at all.

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

#184

Post by neoterics »

swalsh wrote: post #124
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 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…

This sounds intriguing, care to share any insights? Is this for Amazon?

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

#185

Post by dragontamer »

bluedino wrote: post #176
dragontamer wrote: post #171

Earlier quoted context omitted.

There are plenty of PCs. Here's the problem. Running a five-year-old PC used to be an issue. Today, running a five-year-old PC is a Intel Sandy Bridge i7-2600K ( Passmark Score: 8,518 ). While a modern i7-6700K has a Passmark Score of: 10,987. FIVE YEARS, and FOUR generations of processors have created a gain of net 28% in multithreaded situations. Far less for single-threaded applications (maybe 15%). And absolutely…

>> i7 2600k Sure, that's the top of the line $300 chip in the days of a whole PC being able to be bought for $300. What if you're on a five year old Pentium G620?

The cores are basically the same within the generations.

A five-year-old Pentium G620 is only ~25% slower than the Skylake Pentium G4520. Both are dual-core CPUs that are cheaper than $100 aimed at the budget audience.

Frankly, the fact that AMD Vishera FX-6300 still easily beats out the Pentium G4520 in multithreaded benchmarks... this demonstrates the absolute lack of Desktop CPU improvements. I'd only recommend the G4520 to someone who is really sure that they care about single-threaded performance (ie: Gamers). Most people will appreciate the lower total-cost-of-ownership that FX-6300 offers at that price point.

https://www.cpubenchmark.net/high_end_cpus.html

* AMD FX-6300 Passmark: 6,342

* Modern Skylake Pentium G4520 Passmark: 4,261.

The G4520 is a $80 chip, Released October 2015. FX-6300 was AMD's 2012 entry: a FOUR year old chip, now selling for $80 to $90 at Microcenter.

Microcenter has some $0 Motherboards if you buy an FX-6300 from them. That's the kind of benefit you get from buying "old". And since CPUs aren't really much faster, why the hell should you buy cutting edge?

--------

Hell, why are you spending $80 on a new G4520? Facebook just decommissioned their servers. You can get a Dual socket ready Sandy Bridge 8-core 16-thread E5-2670 on Ebay for $80. Amazon for $70

http://www.amazon.com/gp/offer-listing/B007H29FRS/ref=dp_olp...

Go get yourself a dual-socket 16-core 32-threads E5-2670 Sandy Bridge Workstation, just $80 per CPU.

Intel can't even compete against their own ghost from 5 years ago. Is it a wonder that sales are low?

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

#186

Post by unimpressive »

5ilv3r wrote: post #49
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?

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

Almost none, the only time I use my mobile in lieu of a desktop is when my desktop is unavailable or my home Internet connection is down.

I don't count time I spend out and about on my mobile, since that isn't time I was going to spend on my desktop anyway. (And I don't think having the option of going outside with a mobile has changed how often I do so.)

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

#187

Post by raould42 »

jhulla wrote: post #164
pjlegato wrote: post #140

Earlier quoted context omitted.

The efficient market hypothesis (the idea that the market is by definition perfectly valued at every moment) is highly controversial, and actively rejected by many finance and economics experts of all political views.

My point is simply a tautology: the price is the price. Now the price may change, someone may have their thumb on the scale, there may be shill bidders driving sentiment, etc. But at the moment you get a bid/ask spread, that is what you get. Practically speaking, I personally don't believe the efficient market hypothesis due to the very obvious meddling by political actors, central banks, national treasuries, etc. Be…

Please add 'capitalists' to that list of meddlers, to be fair. ;-)

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

#188

Post by TheOtherHobbes »

alanwatts wrote: post #108
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.

>The whole market is overvalued, not just the tech unicorns. Who is it overvalued by, and how is the "true" value determined?

The actual information from markets is in estimated future prices, not the current bid/ask spread.

The true value is determined by what happens next, for short to medium values of "next."

Current fundamentals simply don't support a future of continuing growth.

A correction is certain. The only questions are when, how fast, and how much.

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

#190

Post by aluminussoma »

A good friend was laid off from Intel during their last round of layoffs. Without going to into details that would identify my friend, he was laid off after losing a game of internal politics. His division's vice president even apologized to him for his layoff.

My friend's story gave me the impression of Intel being a highly dysfunctional company. My friend was sad to leave Intel, but I think it was good for him in the long run.

For those about to be laid off from Intel, I hope it also works out for you.

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