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They aren't losing money. Wherever did you get that idea? Also issuing a dividend because you saved a bunch of money by laying off people you don't need is exa
by qeternity 3y ago
They aren't losing money. Wherever did you get that idea?
Also issuing a dividend because you saved a bunch of money by laying off people you don't need is exactly the sort of thing that shareholders would demand and expect. It's called good corporate governance.
- space_fountain 3y agohttps://www.google.com/search?q=intel+profit&rlz=1C5GCEM_enUS1050US1051&oq=intel+profit https://www.google.com/search?q=intel+profit&rlz=1C5GCEM_enU... Seems to say they lost 2.7B in the first quarter of 2023?
- booi 3y agoYeah I dunno what they're talking about. This was the largest loss of all time for Intel. Nobody in their right mind should be issuing a dividend... and I'm a shareholder.
- qeternity 3y agoThere are a lot of things that go into GAAP EPS. You can be profitable and have negative GAAP EPS.
- MichaelZuo 3y agoCan you list some real world examples where the difference was in the multiple of billions?
- FairlyInvolved 3y agoWriting down a merger/acquisition is probably the main scenario where this could extend to the billions. I don't have an exact list but I think you'll see differences of that order in the years following big acquisitions like AMD / Xilinx for this sector.
- MagnumOpus 3y agoA very recent example - but the other way around - is Credit Suisse which is going a paper accounting profit of $14bn in Q1, while also having basically gone bankrupt. In addition UBS is also going to post a $53bn paper profit in Q2, without actually having “earned” any surplus money from acquiring Credit Suisse… Matt Levine goes into the gory detail: https://archive.is/0T1CG https://archive.is/0T1CG
- darth_avocado 3y agoApple barely pays dividends. Shareholders seem very content in not getting them.
- boeingUH60 3y ago> From 2012 through the end of 2022, Apple spent over $572 billion on share repurchases [1]. They’re comfortable because they get most of the returns by selling their shares back to Apple. 1 - https://www.cnbc.com/amp/2023/05/03/apple-q2-2023-earnings-preview-90-billion-in-buybacks-expected.html https://www.cnbc.com/amp/2023/05/03/apple-q2-2023-earnings-p...
- mandevil 3y agoIntel announced losses of 2.8B in 1Q 2023, and warned analysts that they would lose money again in 2Q. So I presume that GP got the idea that Intel was losing money from the accountants that Intel pays to tell them what the company financial situation is, who would seem the best placed to know whether the company is losing money. Now, the 2.8B included a lot of one-time charges that made the loss larger than normal on a continuing basis- on a continuing basis the losses were more like 200M, which is about what the company guidance was for 2Q. But losing 200 million dollars is still losing money. Disclaimer: long INTC
- Matl 3y ago> It's called good corporate governance. Surprisingly similar to Darwinist capitalism.
- ogn3rd 3y agoThink the term your looking for is "shareholder capitalism". We definitely need to go back to "welfare capitalism" as what we're doing now is simply a race to the bottom.
- stjohnswarts 3y agoThat take is questionable and is a byproduct of failed corporate strategies that place 0 value on people and experience. It's precisely why there needs to be a resurgence of unions to cull some of the nonsense that was birthed in 80s corporate greed and survives until today.