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This appears to be a very desperate move by a company just realizing the desperate situation they find themselves in. I agree with others sentiment that they ne
by jSully24 6y ago
This appears to be a very desperate move by a company just realizing the desperate situation they find themselves in. I agree with others sentiment that they need to find a way to get back to doing well what it is they know, or used to know.
- jeffbee 6y agoYeah Intel really has their back against that wall, after all they are one of the most highly capitalized businesses in human history, just recorded their largest annual revenue in the history of the firm, and earn a profit of only about $80000 per minute. Pure desperation down there in Santa Clara.
- eldavido 6y agoFinancial results are always a lagging indicator in tech. That doesn't mean they aren't important, just that you can coast on an existing product line for a really long time (decade+) and then everyone's "surprised" when unit sales decline, and there's nothing else in the pipeline. An example of this: Sears. Dominant retailer, completely missed the boat on ecommerce, now bankrupt. Literally.
- bluGill 6y agoSears missed the boat on ecomerce, but that isn't why they are gone. Walmart missed the boat too at first, but they are still big because their manageme was good. They also have adjusted overtime such that now my family does most of our shopping there (once this pandemic is done I'm looking forward to going back to the local stores I used to go to.)
- jeffbee 6y agoMicrosoft missed the boat on mobile and now they are the biggest firm in the universe.
- uHuge 6y agoI do not see them, Nokia is minor, Win discontinued..?
- m3kw9 6y agoYeah not understanding how Intel has back at the wall.