Sold 15%. INTC overselling themselves and lying to investors by overly exaggerating why they aren’t performing well. I’d have kept it all if they were more honest and upfront. Allocating that cash to GOOGL.
Intel will reduce its R&D and marketing spend by billions each year through 2026; it will reduce capital expenditures by more than 20 percent this year; it will restructure to “stop non-essential work,”
And they finally cut the dividend, which they should have done years ago.
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Young chap invests $700,000 in Intel YESTERDAY of the inheritance he got from his grandma. I wouldn’t want to be looking at his screen today
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Wow! Well, at least his stock holding will be worth 700k in 10 years 
The guy said ‘he has no use for the money’. Well, about a 100k+ of it is in better hands now 
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Intel have had a decade of failure, regardless of what their stock price has done in the intervening period, it’s apt that their stock open today is similar to what it was 10 years ago.
Here they are announcing a further delay to their 10nm process in 2018 after originally forecasting 2016.
And here they are fucking up the next process node.
I have a slightly different take on this.
This is not current managements fault. There has been years of underinvestment where companies like AMD and NVIDIA had stolen market share.
It would be a different story if I I thought they were wasting money buying back shares and nosebleed valuations. But they are investing in quality assets, yes they have to fund it with the cash flow and some debt but it’s ending up as assets on the balance sheet. The question to have to ask your self, is are these assets going to produce in the future? I think so, as we need semiconductors for everything nowadays.
I mean, as shareholders is that not what we want for our companies to do? It is clear that institutions are sole concentrated on the short term and cannot afford to wait 2 years to see the benefits of the assets. Well I have that time to wait, I won’t need the money for 25ish years. This huge capital investment has come at a time where demand has slowed down across the industry which makes it look 10x worse.
The book value of the company is about $110B and the current market cap is $96.7B. this means, hypothetically if InTel wound up the business and liquidated for book value it would be sold for a $15B premium on the Market cap. Your are paying 87p for £1 of book value. Don’t forget Intel has the largest market share of semiconductor sales still despite the under investment from the past.
I am currently holding intel stock. The question is how much more do I add.
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Have to agree with this, but I think the current management is not faultless either.
They’ve been wasting money on dividends instead
$27Bn is Goodwill and $5bn is other intangibles, so it couldn’t be liquidated profitably.
They can still turn it around though
If anyone wants an update
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Yeah, whatever happens I can’t see any scenario where Intel (in its currently form) is acquired, spinning off subsidiaries is much more likely.
There’s loads of geopolitic issues around IFS and the design side has big antitrust factors, so the underlying parts are tricky to sell and I don’t see a buyer for an IDM.
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Up 3% on Friday after the WSJ reported an acquisition approach by Qualcomm. Separately confirmed by the New York Times.
I don’t think it happens due to regulatory hurdles, these companies are just too big. But an embarrassing sign as to how far intel have fallen.
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Agree on the regulatory hurdles… the US Gov won’t let a US chip maker be under foreign ownership. Unlike the UK which let ARM go. One of the biggest cockups ever the tories did. Above everything else.
The chip market is fickled. You are only as good as your latest product and the rug can be pulled from you at any product launch.
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CEO out. Not sure how anyone else can really turn this around though.
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