FILE PHOTO: An Intel computer cup logo is shown during opening day of E3, the annual video games expo revealing the latest in gaming software and hardware in Los Angeles, California, U.S., June 11, 2019. REUTERS/Mike Blake
Intel plunged 15% after CEO Bob Swan told investors on a conference call late on Thursday that Intel’s new 7 nanometer chip technology was six months behind schedule and that Intel may pay other manufacturers to produce its chip designs. “This, our 45th Intel earnings call, was the worst we have seen in our career covering the company,” Bernstein analyst Stacy Rasgon wrote in a client note, cutting his Intel rating to “underperform”.
Intel Management is poor. Over the years it has let its leading position in Core Processor Technology erode. Losing Market share to Rivals like ARM, AMD and Nvidia. Its time for Intel Board to find new Management talent. intel AMD nvidia
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