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Qualcomm Approached Intel About a Takeover in Recent Days
- FDAiscooked 2y agoIntel has been atrociously managed. If you invested $1 in Intel in 1998, your investment would still be worth $1. Less than that if you adjust for inflation.
- h2odragon 2y agoIntel peaked with the PPro
- meragrin_ 2y agoWhat about the dividend payouts?
- nickff 2y agoLooks like they’ve been paying out healthy dividends for about ten years now https://www.nasdaq.com/market-activity/stocks/intc/dividend-history https://www.nasdaq.com/market-activity/stocks/intc/dividend-... They also had a stock split in 2000, and I’m not sure the parent comment is accounting for that.
- dmead 2y agoThe dividend was cancelled (stopped) recently.
- tester756 2y agoI think it's not relevant to the original point
- Farfignoggen 2y agoMore than 10 years and that's why Intel's stock price fell so precipitously as Intel cancelled that dividend and Intel losing its dividend focused luster to dividends focused investors! But the amount of Folks that comment on these Mergers & Acquisitions(M&A) sorts of articles and the US regulations regarding M&As and the main litmus test for rejection there being if that Acquisition will reduce the competitive landscape of Intended market players that compete in that market! And So Qualcomm's Snapdragon X Elite and previous Windows on ARM Laptop/PC products are more direct competition to Intel's/AMD's Windows on x86 products! Linux on ARM as well, as Tuxedo Laptops(Linux OS Based OEM) is planning on releasing a Snapdragon X Elite Linux OS based laptop! That and Intel only controls the IP surrounding the x86 32 bit/Earlier 16/8 bit parts of the x86 ISA while AMD's the IP owner of the x86 64 bit ISA extensions! But Intel and AMD have a cross licensing agreement between them for their respective parts of the x86 ISA IP rights and so Intel has no legal right to transfer AMD's x86 64 bit ISA extensions License to any third party and ditto for AMD and any of the 32 bit earlier parts of the x86 ISA that are Intel's IP. Qualcomm or any other competitor in the CPU/dGPU market will not be able to get past the regulators easily and Nvidia can not acquire Intel because of Intel's Discrete GPU market presence where Intel's ARC/Later Discrete GPUs are a welcome 3rd player attempt at the low end to mainstream dGPU market place Competition against AMD and Nvidia!
- fidotron 2y agoI am unpersuaded Intel could have done anything once they failed to get any sort of traction in phones or tablets. AMD starting to execute properly only made their headaches that much worse, but they had been far too fat for too long.
- Wytwwww 2y ago> failed to get any sort of traction in phones or tablets And had they stuck with XScale it I don't think it would be surprising if they ended up in Qualcomm's current position (default high-end ARM CPU maker). Yet they consciously decided to throw it all away..
- viral007 2y agoI can attest to it, the value hasn't grown much in my inactive portfolio. This portfolio was set up as set it and forget it in 1999. I will need to run a realized gain/loss statement.
- papercrane 2y agoYou can't just look at the stock price. INTC has split and had dividends since 1998. If you bought $10,000 of INTC in Sept 19th, 1998 and held it to today the stock would be worth $17,000 and you would've collected almost $12,000 in dividends.
- happyopossum 2y agoThat's just over a 4% annualized return, if we back out inflation it's about 1.5%. That's still crap. The only way you'd be in decent shape is if you took the dividends and invested those in any of INTC's competitors.
- defen 2y agoJust imagine if you'd invested that money in Domino's Pizza instead (the hungry investor strategy). You'd have like $350,000.
- modeless 2y agoIs there any site that shows historical stock graphs with an option to include dividend reinvestment and adjust for inflation? Practically every online conversation about stock returns makes these mistakes.
- dgacmu 2y agoWith the stock split and dividends reinvested, the $1 would now be worth $1.64, _not_ inflation adjusted. You'd still be in bad shape if you inflation adjust - the $1 with inflation would be $1.93. So you've still lost money overall, alas. If you didn't reinvest the dividends you'd be ahead, though. Which is kind of ironic - but you'd have taken out a fair bit of money from 2016-2022 when the price was high.
- NAHWheatCracker 2y agoYou would have been paid $17.7074 in dividends, according to https://seekingalpha.com/symbol/INTC/dividends/history https://seekingalpha.com/symbol/INTC/dividends/history. If you bought one shared near the end of 1998, you would have paid around $30. That share would be worth around $22 now. So, you would have gained around $9 not accounting for reinvestment of dividends. Not a good return on investment, in comparison, but you picked 1998 in the middle of the dot com boom. If you picked the end of 1995, you'd have paid $7 and have around $40 today, which isn't too much worse of a return than the S&P 500. This isn't to say Intel hasn't been poorly managed, by the way.
- wslh 2y agoYes, think if you have invested in Bitcoin when it was announced on Slashdot. The problem with cherry picking dates is that we don't have a time machine yet.
- Animats 2y agoThat's Qualcomm proposing to take over Intel!
- bee_rider 2y agoHuh, I guess Intel probably has a lot of patents.
- shmerl 2y agoThat would be very bad. Qualcomm are very nasty about patents.
- Onavo 2y agoPray that doesn't happen, Qualcomm's software and driver story is generally known as "go fuck yourself" and "my way or the highway".
- 0x000xca0xfe 2y agoMaybe they want to improve? They seem to be willing to upstream Linux drivers for their laptop chips.
- rbanffy 2y agoWe'll believe it when we see first-class Linux support actually happening.
- Dalewyn 2y agoHere's a non-paywall, non-captcha, non-JavaShit version of the article courtesy of Reuters and archive.is: https://archive.is/MR3PZ https://archive.is/MR3PZ
- synergy20 2y agoIntel is 1/3 of AMD by market cap but 6x the employee, that's 18x difference. If QCOM takes over INTC, they might need let a LOT go to revamp it, like 80% of them.
- tazu 2y agoLetting 80% go seems to have worked for X.
- SketchySeaBeast 2y agoIf by worked you mean "the site isn't dead", yes. If you mean more "profitable", I don't think that's true, is it?
- tazu 2y agoSetting aside the political reasons for less advertising revenue, it's still running and there are 200M DAU. Many ex-employees swore the servers would catch fire by now.
- richbell 2y ago> Many ex-employees swore the servers would catch fire by now. They've 'caught on fire' many times, such as the time login/2fa broke, or the weeks/months where you were rate-limited to only a few hundred interactions per day.
- seba_dos1 2y agoJudging by how unreliable it has been ever since, there's likely constant firefighting going on.
- Andrew_nenakhov 2y agoCan't confirm. It works for me just as well as it did in 2022.
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- bornfreddy 2y agohttps://archive.ph/WrZrH https://archive.ph/WrZrH
- russellbeattie 2y agoThis is like Oracle buying Sun. Qualcomm is a famously litigious company. They'd decimate the workforce and rely on Intel's patent portfolio to make the takeover worth it No idea who might be infringing on what, but I'm quite sure Qualcomm's lawyers would quickly figure out which companies they'll put the squeeze on. Or just throw spaghetti against the wall and see what sticks. AMD, Apple (think Rosetta), TSMC, cloud providers, etc.
- osnium123 2y agoChina will block this deal if they think it’s good for the US semiconductor industry.
- hollerith 2y agoHow would China block a deal between 2 US companies?
- osnium123 2y agoChina has a say because both companies do business in China. It’s the reason why the Intel acquisition of Tower semiconductor fell through.
- ajross 2y agoThat was a much smaller deal though. A Chinese regulatory block for a $5B acquisition might rise to "not worth it" to Intel. Saying "No more x86 laptops or qualcomm radios in China" is more of a "Trade War!" kind of thing. That's not saying the China would love it, or that they wouldn't have leverage. But regulatory power has its limits and it's not like every nation gets a veto on every merger.
- osnium123 2y agoIt was a critical acquisition for Intel to learn how to be a foundry so it was critical.
- Wytwwww 2y agoWhy would less competition and more market concentration be good for the US semiconductor industry? It's not like Qualcomm has been the most innovative company ever, they make ARM/Cortex based chips (which is almost a commodity) and control the baseband/modem market because of their patents, so unlike Intel the have basically no competition.
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- ksec 2y agoOnly mentioned it abut two weeks ago [1] it would be great if Qualcomm buy it as whole and not certain parts. And two months [2] ago about Intel being attractive as an acquisition target. Qualcomm currently has close to zero Server revenue. And they have already failed twice to enter that market. Intel on the other hand has plenty of expertise and network. Potential synergy with GPU for a top to bottom mobile to datacenter GPU design. There isn't a single GPU vendor who does that currently. Qualcomm also has the expertise in both Digital and Analog custom chip design which is extremely useful for telling the Intel Fabs what they need to work and deliver on. Qualcomm is probably the top 5 most hated company on HN. This skewed most opinions, but they were also the number 1 spot on spending R&D to revenue ratio in the tech sector for many years. I would have been 100% supportive of the move if Steve Mollenkopf was still the CEO or at least Chairman of Qualcomm. But I guess he will now be very busy at Boeing. Not so sure about current CEO Cristiano Amon if he could lead the new Qualcomm + Intel. [1] https://news.ycombinator.com/item?id=41467574 https://news.ycombinator.com/item?id=41467574 [2] https://news.ycombinator.com/item?id=41144020 https://news.ycombinator.com/item?id=41144020
- mark336 2y agoQualcomm's recent issues include their contract with Microsoft to provide chips for the Co-Pilot+ pcs ends in November. And CoPilot PCs with Qualcomm's Snapdragon X Elite chips have serious performance issues playing games. See my tech news site about this: https://asiaviewnews.com/gigabots/threads?p=20008 https://asiaviewnews.com/gigabots/threads?p=20008 and https://asiaviewnews.com/gigabots/threads?p=10006 https://asiaviewnews.com/gigabots/threads?p=10006