30 seconds in and it's all about Pats feelings.
Workforce reduction is inevitable even without the bags that Intel has
“In this transition moment, across all functions, everywhere in the company, it’s worth challenging us to think where we can use AI to be more productive.”... — read more
Accountability
ELT should report the cost savings they achieved by stopping fruit and beverage services. This is inhumanity
What happened to the Intel I loved?
I miss the days when working at Intel was something to truly be proud of. Back then, it felt like the company valued its employees and did everything in its power to keep the best people around. Now, it's all about cutting costs, even if it means... — read more
Bernstein analyst is perma bear on $INTC
https://www.cnbc.com/video/2024/10/31/bernsteins-stacy-rasgon-on-intels-headwinds-ahead-of-earnings.html
Altera revenues down 44%
The Altera CEO is unstoppable in destroying the company.
Q3 Earnings Summary: $16.6B Loss !
This is the top and bottom of it all folks. From $300M net profit this time last year to $16.6B loss this year. Wow! There is nothing else to say I think but I am sure leadership team will continue to talk.
So why do you still work for Intel
Me? Hic HIC for the impairment. (This is a joke about the financials….)
Worth a look to understand the dire financial situation Intel is facing.
https://www.youtube.com/watch?v=DpX8MsVFvfo The Investor Channel @TheInvestorChannel
I found another job
Gave my notice on Monday. Decided not to wait to be laid off. I finally feel free. To tie one’s work and prospects to a company that has an uncertain future, has become a daily drama show, has presented us with constant threat of layoffs and chaos at... — read more
Employee numbers in the earnings pdf file
Look at page 7 of the earnings pdf from intc.com. It shows the following employee numbers for Intel: 115K as of 9/28/24 and 116.5 as of 6/29/24. That is only a reduction of 1500. WTF, is this is an error what else is wrong in the report.
Question: AI PC Leadership
Hey guys, I'm ISPed so I don't particularly care, but I decided to take an hour off my job search to watch the earnings call today. I realized Pat keeps saying how Intel is leading in the AI PC category. I was too intimidated to ask anyone at Intel... — read more
Third-quarter revenue of $13.3 billion.
A bit better than I expected.
Earnings take aways
The numbers look decent but clearly not at expectations. I did not understand if the layoffs are complete since Pat said they will continue thru end of the year. I was under the impression Nov 15th is the last day for all ISPs. It sounds like there... — read more
QPB?
CPM'er here. What's the QPB?
Did you already submit the SARA form? (that severance form)
Did you already submit the SARA form? (that severance form) or is it better to submit towards the last day of Nov 15? The reason is that there was a statement suggesting to submit it towards the end, or it doesn't matter Thanks
Toxic Management
Just found out pretty much our entire team of highly skilled AI Engineers got let go but the toxic manager that had MULTIPLE HR investigations against him was spared. His only skills are powerpoint and harassing staff. Not to mention his boss is... — read more
16,500 more layoffs... ouch
16,500 more layoffs on top of the 19,000 already done. Ouch! https://x.com/unusual_whales/status/1852081571207209123
Short Squeeze Incoming! You all got played!
Record Gaudi shipments! AWS and DoD deals! 20% workforce reduction! Inflation adjusted market cap lower than 2008 apocalypse! Massive institutional shorts! Pat is going to earn his $180M payday and all you haters will be eating crow!
TrIcK or Treat Intel Fans!
👻 Intel’s Halloween Earnings Horror Show 🎃 In a twist straight out of a nightmare, Intel will drop a spine-chilling earnings report this Halloween season! The forecast is so bleak, it has investors wondering if their portfolio got lost in the Upside... — read more
If earning is bad and layoffs continue …
Pat need to resign
Buy Buy Buy
Buy INTC stock today to get a free coffee mug with CEO's photo on it on every purchase.
Pat has sc--wed up SO badly
That the GOOD QUESTION of “who would replace him?” is starting to cease being a good question. We’re slowly drifting into the territory where a one month clean me-h head teeth optional who could follow a couple simple instructions could do a better... — read more
Intel Stock started the deep descend… wait for Q3 Earnings Call
How low will it go? $15-18 bucks?
Fire Zisner
Zisner needs to be fired. We need to force him out if he isn't fired after earnings
Great, just great
Intel to invest $300m in China chip packaging and testing facility expansion According to a report from the South China Morning Post, the investment will allow the struggling chip company to increase packaging and testing capacity for server chips... — read more
Pat will be out end of this year
this will be his last earnings call.
Well tomorrow be the darkest day in Intel history?
What title said. Tomorrow has potential to be the worst day ever in Intel’s history
Intel hasn't sold a single Arrow Lake CPU at Germany's largest retailer
https://www.tomshardware.com/pc-components/cpus/intel-hasnt-sold-a-single-arrow-lake-cpu-at-germanys-largest-retailer-core-ultra-200s-sales-stagnate-after-just-one-week Why did we even bother releasing this?
The real whammy from tomorrow’s financials will be on Friday
When the Dow delists it and the industrial investors race for the exists
Big Day Tomorrow
What's your call?
Pat is "a bit rude" -- TSMC
https://wccftech.com/intel-ceo-lost-a-40-discount-for-tsmcs-latest-chip-tech-after-taiwan-remarks-report/ His arrogance makes your guys losing jobs. Thank you Pat for making Intel great again.
Would fabs spinoff/sale truly give Intel a breathing space?
Or are we too deep in trouble for getting rid of fabs to allow recovery and growth? I’m afraid that we are too far gone. We have no much, if any, maneuvering space even if fabs are gone. We have been in trouble long before taking fabs on, and I’m not... — read more
AAPL takeover threat is real
https://x.com/OracleNYSE/status/1851687181217337722?t=ENZhJ_cx-QXK1QbiuW_CFQ&s=19
For those ISPed, health insurance question (cobra)
I read the guidance and it says "to receive the healthcare benefit, you must be enrolled in the Intel Group Health Plan the day before termination" (1) Basically, just enroll in the "same manner" as if nothing had happened? And is that it? I can't... — read more
BK SHOULD NEVER BEEN CEO ...
He was from TMG and more towards backend of the mfg, a yield & cost guy, there is nothing visionary in him at all, I always wonder why the BOD appointed him as CEO after Paul O. Because of him, intel stopped advancing and ended at where it is today. — read more
AMD Falls 10% Because Q4 guidance fails to impress
They beat on Q3 Revenue but Q4 guidance fails to impress. Revenue estimates were $6.71 billion, actual was $6.8 billion. Profits in line with expectations for adjusted earnings of $0.92 per share. Q4 guidance is between $7.2 billion to $7.8... — read more
The Guy is Just "Sloppy"
https://finance.yahoo.com/news/special-report-inside-intel-ceo-173510220.html