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Suspending the dividend is poetic in a sense. They'd been taken over by bean counters decades ago and slowly pissed away their privileged position at the top o
by hylaride 2y ago
Suspending the dividend is poetic in a sense. They'd been taken over by bean counters decades ago and slowly pissed away their privileged position at the top of computing.
They essentially ended up where Boeing did, but at least didn't kill anybody.
- Vecr 2y agoMaybe. On Intel's scale almost everything you do wrong kills people, at least statistically. Though, so does everything you do right, but probably less. How many human lifetimes were spent cleaning up and mitigating the microarchitecture vulnerabilities?
- DaoVeles 2y agoA lesson that has to be taught again and again. You can run a business into the ground but look great for years on inertia alone. Intel has been crumbling for a long while but the inertia of previous decades meant it wasn't apparent.
- kranke155 2y agoIts incredible how quickly it can happen as well.
- hylaride 2y agoIt's exactly the same as the Ernest Hemingway quote about how bankruptcy happens: Slowly, then suddenly.
- danielmarkbruce 2y agoThat financials are a very laggy indicator of reality is the lesson that doesn't actually seem to be properly taught. It's even worse in software. The stickiness can make companies look great when they are actually a mess. The cost of acquiring companies can make companies look like money losers when they are actually doing well. Intel has been a mess for a decade at least, an obviously going to zero. But the numbers only started going badly a few years back.
- danielmarkbruce 2y ago*cost of acquiring customers