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  1. #1
    Joined
    Sep 2001
    Location
    Colorafornia, USSA
    Age
    44
    Posts
    13,483

    Intel fires 12,000 or 11% of it's workforce!

    All of us here are used to seeing the usual bad news coming out of the world of AMD, but it's kind of unprecedented to hear of Intel having problems, especially problems large enough that they are canning 11% of their entire workforce. Speaking of AMD, if things are this bad at Intel........

    Oh and as far as Intel beating estimates for this quarter? Yeah, some are calling financial shenanigans on that one!

    We also know Intel's just announced earnings beat on the bottom line as EPS came in at $0.54, above the $0.49 expected.

    How did INTC "beat"? The same way IBM "beat" yesterday: instead of using the same tax rate as a year ago, when it had an effective tax rate of 25.5%, this quarter the tax rate was down 7.1% to just 18.4%.


    http://www.zerohedge.com/news/2016-0...tire-workforce
    Not a GoodWhite.

  2. #2
    Joined
    Apr 2016
    Location
    South of New Orleans
    Posts
    4

    Re: Intel fires 12,000 or 11% of it's workforce!

    I think Intel has enough cash to sit back for awhile and wait for the market and technology to catch up to them. There breaking into phone/tablet market and that is the only thing that is showing growth. Plus they already announced a slow down on the rate of change on products so a downsize makes sense.

  3. #3
    Joined
    Feb 2014
    Posts
    14

    Re: Intel fires 12,000 or 11% of it's workforce!

    Hopefully Zen won't be a disappointment.

  4. #4
    Joined
    Aug 2016
    Location
    Canada
    Posts
    125

    Re: Intel fires 12,000 or 11% of it's workforce!

    Here comes 12,000 waiters/bartenders!

  5. #5
    Joined
    Dec 2002
    Location
    Sunny South Florida
    Posts
    664

    Re: Intel fires 12,000 or 11% of it's workforce!

    there all here in Delray Beach Fl...........
    E3-1230v2/H100/P8Z77-LX
    4x4Gb GSkill 1866/R9 290X
    Sandisk ExtremeII 240GB/WD 1TB Black Spinner
    Lian Li Pc-7B plusII /OCZ 600W ModXStream/Z-5500's.

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