SoylentNews is people
SoylentNews
Arthur T Knackerbracket has processed the following story:
With the COVID spending spree on PCs at an end and consumers spooked by the economy, Intel's profit and revenue plunged in the second quarter, the chipmaker said Thursday. Intel's own problems, like delays in data center chip upgrades, also were a major factor.
Analysts were appalled. "Intel's Q2 takes the prize for the worst we have seen in our career," Bernstein analyst Stacy Rasgon said in a research note Friday.
[...] "For decades, Intel was able to cover up a litany of failed projects, poor acquisitions, and strategic foibles by pushing Moore's Law and process leadership," he said. "Unless they regain this leadership (we think unlikely), or change strategic direction, we expect growth, profitability, and cash flow problems to persist at Intel."
The results show how hard it will be for Intel to claw its way back to the cutting edge of chip manufacturing and lead the US semiconductor industry to reclaim clout lost to Asia. Intel's near-term problems pose real risks to its long-term plans.
[...] Revenue dropped 17% to $15.3 billion in the second quarter, and Intel's profit of 29 cents per share, excluding some charges like stock-based pay and inventory write-downs, was a 76% decrease compared with the same period a year earlier. Both results were well below Intel's own forecasts and analyst expectations. Including those charges, Intel posted a loss of $454 million.
[...] Intel's "long term targets remain outlandish," Rasgon said in a research note earlier this week, which downgraded his expectations for the chipmaker's prospects. "Frankly, anyone owning the stock is not there for the near term...but rather strapping into a 5+ year nebulous story that is just barely getting started."
(Score: -1, Spam) by MondranialCortex on Tuesday August 02 2022, @08:33AM (6 children)
If only janrinok let me keep one account, just one, but, no, . . . .
(Score: -1, Spam) by MondranialCortex on Tuesday August 02 2022, @08:35AM
Aiming for 18,000 Soylentils! Most of them banned or inactive accounts.
(Score: 4, Informative) by janrinok on Tuesday August 02 2022, @09:53AM (4 children)
Which one of today's new accounts (8 so far) was the one that you wanted to use as a new, reformed identity?
They all behave exactly the same way. They either race to post as AC to insult or criticise one of your usual targets, or they try to build karma by making entirely spurious comments under their new username. There is nothing 'reformed' about any of them.
If we can identify them as your true identity then so can everyone else. That identity is banned. If you create a new identity then we shouldn't be able to detect it, should we? If it behaves and does not return to old habits then we will never have any reason to ban it will we? The problem isn't at this end - it is one of your own making and you are doing nothing to resolve it.
You want to dictate your terms for participating in this site. No, that will not happen.
(Score: 4, Funny) by Kell on Tuesday August 02 2022, @11:05AM (3 children)
Seriously, you'd think they'd take up a more interesting hobby, like stamp collecting or some shit.
Scientists ask questions. Engineers solve problems.
(Score: 5, Funny) by janrinok on Tuesday August 02 2022, @11:41AM
Unfortunately, he seems to have chosen the 'some shit' option.
(Score: 3, Informative) by Freeman on Tuesday August 02 2022, @03:03PM (1 child)
This is the definition of psychopathy. Would be nice, if they got help. Though, maybe we're doing some kindly grandma a service by keeping their attention here.
https://en.wikipedia.org/wiki/Psychopathy [wikipedia.org]
Joshua 1:9 "Be strong and of a good courage; be not afraid, neither be thou dismayed: for the Lord thy God is with thee"
(Score: 2) by Gaaark on Wednesday August 03 2022, @08:01PM
Ari's a Gramma! :)
--- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---