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It still has a market cap over over $100b. Trust me, things can absolutely get worse from here. The default state of big companies that have been deeply mismana
by eigenvalue 2y ago
It still has a market cap over over $100b. Trust me, things can absolutely get worse from here. The default state of big companies that have been deeply mismanaged for 10+ years is that they go bust and end up getting bought out for a pittance. If the fabs can't be made to work in a reasonable timeframe when they are still competitive in the marketplace, then they turn out to be giant write-offs and malinvestment only good for shielding future income from taxes.