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Intel Reports Second Quarter 2024 Financial Results

intc.com

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Re: Intel Reports Second Quarter 2024 Financial Results

#61

Post by LarsDu88 »

ladyanita22 wrote: post #26
layer8 wrote: post #21

Earlier quoted context omitted.

Leadership changed back to an engineer with the return of Pat Gelsinger in 2021. I’d give him a couple more years. It takes time to turn around a big ship like Intel.

Everyone around here keeps talking about how the problem of Intel is that it was a Business guy running the company and not an engineer, and it feels so similar to when people claimed Phil Spencer was going to save Xbox. Truth is, Pat is doing nothing despite the generous government subsidies

This is simply not true. They are building giant fabs in Arizona and Ohio from those subsidies.

It takes YEARS to realize the benefits of these changes.

The problem is, to stopgap TSMCs growing lead, Intel resorted to cranking up voltage on the last two generations of chips leading to what will be an imminent gigantic ass lawsuit.

Re: Intel Reports Second Quarter 2024 Financial Results

#62

Post by wwtrv »

ProllyInfamous wrote: post #57
electriclove wrote: post #27

Earlier quoted context omitted.

The ‘flagged dead’ comment is right on. Intel has been a bloated bureaucracy for a long time now and things need to get tightened up for it to continue.

I agree, so I am quoting it, below: >Fire 80% of them. Twitter had probably more talent per capita than Intel. If they can fire 80% most companies should.

> If they can fire 80% most companies should

What's special about "them"? Twitter was technically never a particularly complex product that required some kind of exceptional talent. Not even remotely in the same ballpark compared to what Intel is doing (or trying to do anyway...)

Re: Intel Reports Second Quarter 2024 Financial Results

#63

Post by wwtrv »

honkycat wrote: post #53

$152 billion in stock buybacks. We don't have an economy anymore, we are just handing money to the ultra-wealthy. US. Total economic collapse. Hard landing. This is the beginning of the end. We really had the chance to make something beautiful with this country, but the 1% bought and sold it into the ground. Half our politicians aren't even trying to keep it running anymore.

Stock buybacks are basically just more flexible dividends. Companies used to payout way more in dividends in the past now they do buybacks instead.

Re: Intel Reports Second Quarter 2024 Financial Results

#66

Post by s1artibartfast »

HDThoreaun wrote: post #55
IamLoading wrote: post #24

Earlier quoted context omitted.

I am surprised, the stock didnt improve. Typically, markets like layoffs.

Intel had a really crappy quarter, layoffs can’t save that. The market likes when companies that had an ok quarter with revenue growth do layoffs.

Intel has had a bad couple years, posting as many quarterly losses as profits, barely breaking even on net.

Re: Intel Reports Second Quarter 2024 Financial Results

#67

Post by s1artibartfast »

honkycat wrote: post #53

$152 billion in stock buybacks. We don't have an economy anymore, we are just handing money to the ultra-wealthy. US. Total economic collapse. Hard landing. This is the beginning of the end. We really had the chance to make something beautiful with this country, but the 1% bought and sold it into the ground. Half our politicians aren't even trying to keep it running anymore.

They should have done more buybacks so it could be used for something productive. All of the money left in the company is going to be wasted as it rots from the inside.

The company didn't die of starvation, it died of obesity.

Re: Intel Reports Second Quarter 2024 Financial Results

#68

Post by LarsDu88 »

epolanski wrote: post #41
layer8 wrote: post #38

Earlier quoted context omitted.

It’s still far from clear that ARM for Windows will be going anywhere. And Intel is trying to increase ISA diversification with their foundry business.

I've seen reviews of the latest 13 inch Dell XPS and it's both more powerful and less energy hungry than the M3 in a MacBook air. It uses the Snapdragon Elite X ARM cpu. It also blows the latest mobile i7 ultra 155H on the same XPS 13 in performance while lasting almost 20 hours (compared to Intel's 6). The comparisons are made on software that runs on both (Geekbench, handbrake) but it's clear that there is a huge m…

There's way more to ARM adoption than simply power consumption.

When apple went to the M1, they got their entire software ecosystem to go along with the migration. That's the fundamental strength of Apple. They can do things like kill standards at will.

Microsoft can't necessarily do the same thing for the vast library and catalog of x86 software.

Re: Intel Reports Second Quarter 2024 Financial Results

#69

Post by LarsDu88 »

fire-them-all wrote: post #22

INTC and its subsidiaries should consider a comprehensive reorganization. The company is struggling, and it seems they're making poor decisions regarding staffing and leadership. Mediocre and ineffective leadership persists at all levels, and the business and sales departments are likely contributing to the issues as much as HR. If you want to help turn things around, contact the board members and CEOs directly. Make…

Nvidia could probably buy a fab off of Intel. As a famous chip exec once said "Real men build fabs"

However, the secret sauce of Nvidia is simply using TSMC anyways so...

Re: Intel Reports Second Quarter 2024 Financial Results

#70

Post by DaoVeles »

llmblockchain wrote: post #65

I live near Intel HQ and I know many Intel employees. Everyone I know has been interviewing at other companies for the last 8-12 months. I haven't met a single person that had a positive thing to say about Intel and its future.

They should have never sold the Xscale division.
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