381–390 of 531 posts
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You should start a new index, called the 3 index, that just looks at 3 companies. That should be enough to gauge the market, right?
The DJIA only has 30 which is always surprising to me (to its credit it tracks with the S&P 500 pretty well).
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When you pay the exact amount of money and benefits and sometimes even more as joining bonus and stocks awards for a H1B employee, how can this be an abuse of the system?
The argument "we can't fill all these open positions, please let us bring in foreign workers" then firing 10,000 people contradicts why they want the government to deregulate the system.
My point was the idea that H1B workforce in companies like Intel, or Google is cheap is just a myth.
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When you pay the exact amount of money and benefits and sometimes even more as joining bonus and stocks awards for a H1B employee, how can this be an abuse of the system?
The argument "we can't fill all these open positions, please let us bring in foreign workers" then firing 10,000 people contradicts why they want the government to deregulate the system.
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I don't see why job losses are a bad thing. As long as we move quickly to "you don't need a job to live" because otherwise these job losses are destroying people's lives.
Unless these folks had degrees in Working At Intel, losing a job is not the same as becoming permanently unemployable. Job loss sucks. But it's pretty hyperbolic to say it's destroying peoples' lives. Particularly for skilled workers, finding a new job isn't all that far out.
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How does that work? If I have a meager income I'm not buying an iPhone or a desirable target for ads from Instagram.
Apparently it works just as djslumdog says -- people like him/her will continue doing the small amount of important work that can't be automated, and will be compensated handsomley to do so. They will fly around the world, enjoying vacations, live in large homes, eat lavish meals. Everyone else will live in 100 square foot apartments in Soviet-style concrete bunkers, eating ramen (or possibly Soylent). But they won't…
Anyway, the world you are so worried about is already here. A small number of people do continue to do important work that can't be automated. Most other work is unecessary busy work. Artists and musicians already live off of government largesse, either by taking "McJobs" that are artificially highly paid because of government minimum wage, or by actually being on welfare.
Since people can't wrap their heads around the concept of Basic Income, we end up with hordes of people paid to do stupid shit that doesn't matter. The endgame is that we're all government employees in a Dilbertesque hell. Moving papers from one pile to another and back again. Digging holes and then filling them again, since letting people decide what to do during the workday would be too disruptive.
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No, not because of that. In case you did not know, the companies are obligated to pay H1b employees more than the prevailing wage for that position in that county. This is something controlled by the Department of Labor.
What do you mean by this? I know for a fact that I was paid more than some H1B folks at previous companies, with equivalent titles and experience.
The prevailing wage rate is defined as the average wage paid to similarly employed workers in a specific occupation in the area of intended employment.
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Interesting point. If we are witnessing the end, would we recognize it at the time? Moore's Law has been something we've become accustomed to, so it almost seems hard to believe that it will end even if we are told that it will. Makes me wonder what research money will be spent on instead of just faster chips.
Worst case scenario: nothing. The R&D goes away. Look at aerospace for a nightmare scenario. In the early 20th century we got fixed wing flight. In the teens and 20s we got motorized fighters and the first passenger planes. In the 40s we got jets. In the 50s we broke the sound barrier and orbited Sputnik. In the 60s we landed on the Moon. In the 70s we... stopped going to the Moon. In the 80s nothing much happened ex…
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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?
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…
While that's the prevailing opinion, I don't necessarily agree. I think it's SandyBridge owners trying to convince themselves more than anything else, but really it's just being swooped up in the groupthink.
Skylake is the first chip that makes a very strong case as an upgrade. You gain NVME support for your PCIE SSDs, DDR4 (which has shown an improvement over DDR3 in some benchmarks), roughly 20% IPC improvement (5% per gen give or take), DX12_1 feature level IGP, CPUs with 128MB L4 cache which absolutely destroys chips that didn't have this for gaming (Broadwell had it first and Skylake's is improved upon), vastly more power efficient and Thunderbolt3 support.
7 pretty good reasons off the top of my head. You can dismiss each of these if you want, but this is all very attractive in reality.
The whole story is that SandyBridge is only competitive, in gaming, if you overclock to 4Ghz+. You still lose out on the other improvements though and any stock SB system compared to a stock SL system will look pretty sad once you factor in the platform updates.
If it's gaming you care about, take a look at the benchmarks of the 128MB L4 Broadwell chips compared to Devil's Canyon. Let alone SandyBridge. Both get crushed where it counts and Intel is just now getting Skylake 128MB L4 CPUs out the door. If you don't care about gaming, Skylake still crushes SB.
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I've heard it many times in the back-rooms: "Wherever maerF0x0 goes, don't."
I hear the name even comes from the sound you make when you've just taken a mouthful of your breakfast toast, open the newspaper to the financial pages, and see what's happened to the value of your investments.
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I doubt with the CFO being let go most people will end up getting re-hired in other groups. Their revenues are down, they're closing up shop in some areas or realizing they need to run some areas with less people. It's actually a pretty big deal.
Intels profit has grown 3 percent and their revenue is up 7 percent compared to same quarter a year ago.
A good 1/3 of their assets are in property plant and equipment value. That means that the fair market value of that stuff can tank if they don't keep up the pace of growth because what if they can't sell as much of their products anymore because of a shift to other technologies?
This is for sure a move because their revenue forecasts are grim in many areas they operate in.