I have no direct knowledge, but Intel has had a history of struggling in everything but x86, until recently where x86 has struggled. Of course it's management,

I have no direct knowledge, but Intel has had a history of struggling in everything but x86, until recently where x86 has struggled. Of course it's management, but there is a particular kind of management that spawns around highly technical, highly profitable industries where engineers originally took the company to prominence. Basically, engineers in management will be displaced by sociopathic MBAs in management that will use machiavellian social isolation combined with financing tricks. In a way this goes back to a classic high school quote: popular people are popular because they spend all their time being popular. Nerds aren't popular because they spend their time learning. So the "cool businesspeople" swoop in, isolate and eject the engineering-focused management with quick fix finance tricks and the usual middle management dirty pool. Meanwhile the engineering-focused managers, invariably doing no-good-deed-goes-unpunished things like good engineering and good-for-the-companey... well, those people's days are numbered. Then it devolves into a two-caste system: the engineers thrown enough money to keep the moneymaker ship on course and flowing, and the management caste partying on the decks. This is not an environment conducive to moving into new markets.