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I was about to write, "yeah, but Intel has good long-term-oriented leadership now in Pat Gelsinger, so while it'll take time, it'll eventually bounce back. Beca
by FooBarBizBazz 2y ago
I was about to write, "yeah, but Intel has good long-term-oriented leadership now in Pat Gelsinger, so while it'll take time, it'll eventually bounce back. Because, under him, it's finally been investing in R&D instead of coasting and doing stock buybacks."
And then I Googled (to check the spelling of "Gelsinger"), and found this:
https://www.cnbc.com/2024/12/02/intel-ceo-pat-gelsinger-is-out.html https://www.cnbc.com/2024/12/02/intel-ceo-pat-gelsinger-is-o...
https://techcrunch.com/2024/12/02/intel-ceo-pat-gelsinger-retires/ https://techcrunch.com/2024/12/02/intel-ceo-pat-gelsinger-re...
The man's retiring.
Hm. Damn.
So who are David Zinsner and Michelle Johnston Holthaus? They seem to be money and product people, not foundry people or architects? I'll need to look more closely, but to my mind this doesn't bode well for the long term.
I see that the stock is up 5%, but I don't trust investors to think long-term enough. Investors are also happy when you Boeing the shit out of a company.
- Dalewyn 2y agoThat news came out after I wrote my comment, but that vindicates my apprehension towards Intel's ability to execute. Only believe them after they deliver.
- FooBarBizBazz 2y agoI guess this other thread is where additional conversation will be happening: https://news.ycombinator.com/item?id=42296067 https://news.ycombinator.com/item?id=42296067