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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

#201

Post by khuey »

golergka wrote: post #101
robertelder wrote: post #81

Earlier quoted context omitted.

> and it's actually difficult to find any sort of high performance laptop (for cheep). I went to a computer store recently, and told them that I was interested in dropping about 2k on a laptop, and I brought a list of specs (at least 16gb ram, lots of cores, etc.). He suggested I should get a gaming laptop and never gave any suggestions from his store. It will be interesting to see what the future holds, because they…

128 cores?

Most software workloads can't use 128 cores in any useful fashion.

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

#202

Post by pmalynin »

ranci wrote: post #145
osweiller wrote: post #119

Earlier quoted context omitted.

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.

Is half of college graduates being unemployed or working a min wage job picking a narrative too? Is pointing out that wages are completely stagnant and not rising picking a narrative too? What information would you need to receive to admit the economy is not healthy?

Yes, don't go studying 17th Romantic Literature expecting a job.

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

#203

Post by dragandj »

golergka wrote: post #101
robertelder wrote: post #81

Earlier quoted context omitted.

> and it's actually difficult to find any sort of high performance laptop (for cheep). I went to a computer store recently, and told them that I was interested in dropping about 2k on a laptop, and I brought a list of specs (at least 16gb ram, lots of cores, etc.). He suggested I should get a gaming laptop and never gave any suggestions from his store. It will be interesting to see what the future holds, because they…

128 cores?

The problem is that most applications have to be completely rewritten for parallel algorithms, which does not fit well to many application domains (does not bring additional speed).

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

#204

Post by chrisgd »

maerF0x0 wrote: post #181
partiallypro wrote: post #150

Earlier quoted context omitted.

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.

Ah yes, the old maerF0x0 indicator. Beloved in some technical analysis circles

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

#205

Post by clord »

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?

Suppose the market just tracks widget factories. Every factory produces the same quality widgets, all shipping is flat-rate by distance and there are no tariffs or taxes. In this market, it's easy to determine market value of any particular widget factory: market share of world-wide production.

Suppose everyone expects the demand for widgets to grow by 1% per year for the next 10 years. This growth might get priced into the market with some sort of net present value calculation. Capital will flow into building new widget factories to fund all of this new construction.

Now what if actually an asteroid hits a city with lots of widget demand. 50% of demand is wiped out instantly. Well in this case, everyone was overvaluing the market for widgets! All of those net-present-value calculations were way off. The market will correct.

Or maybe the asteroid takes out 50% of production. Suddenly much more investment in widget factories is required. The price shoots up to capitalize all of the construction, since demand has not changed.

In either case, before the asteroid the market was not correctly valued since no one had yet priced in the asteroid.

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

#206

Post by toyg »

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?

If you bought a $300 PC 5 years ago:

1) you're not the sort of person who buys a new rig every two years, and 2) a $300 PC today will give you exactly the same performance as the one you bought 5 years ago: the minimal gains you get in iron are naturally offset by minor losses in software (which is now built by people with SSDs, so good luck with your little spinning disks...)

The market is now artificially segmented to such a fine level, and moving so slowly at the top, that performance simply does not "trickle down" like it used to. Add to that the move to "power efficient" CPUs (aka: less powerful overall) and you will basically see zero gains if you stick to the bottom of the market.

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

#207

Post by mmagin »

aluminussoma wrote: post #190

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 t…

Are there companies with >100,000 employees who are not highly dysfunctional?

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

#208

Post by ArkyBeagle »

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?

We're pretty much post-PC froth/churn.

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

#209

Post by [deleted] »

aluminussoma wrote: post #190

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 t…

[deleted]

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

#210

Post by thecourier »

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.)

man, I do believe the market in general is over valued. but not from the PE ratio. that metric is almost in shape:

https://www.quandl.com/data/MULTPL/SP500_PE_RATIO_MONTH-S-P-...

check how high it was in the 2000 and 2008, we're aren't even close

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