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Intel had to agree not to buy back stock for 5 years when they accepted this money. They went from 50 to a low of around 20 during a huge bull run in semis too
by porknubbins 2y ago
Intel had to agree not to buy back stock for 5 years when they accepted this money. They went from 50 to a low of around 20 during a huge bull run in semis too so whatever they are guilty of I don’t think they can be accused of “keeping the stock price high”. I believe they have smart people doing research but extremely poor incentives and siloing so no engineers can make any headway. I don’t think Gelsinger has gone hard enough in correcting this so maybe fresh leadership would help.
- hackernewds 2y agoAnd they'll run from 50 to 20 because they could barely me their obligations to cash in on this 100% margin-free government hand out to them
- wbl 2y agoIt's called bleeding edge for a reason. If execution was guaranteed it wouldn't be worth spending that money.
- coliveira 2y ago> Intel had to agree not to buy back stock for 5 years Sure, but have you heard of creative accounting? That's how they manage to move money from one place to another without breaking any contracts...