Who possibly saw that if you kill your manufacturing and buy from a company with monopoly power, they could write there own profits.
Sometimes big companies are really dumb.
Executives at that time got paid for these decisions.
Nothing dumb about being paid. Taxpayers bail these parasites out at every turn now that’s idiotic but here we are 🤡
will they fuck that up too?
Not as long ad american taxpayer keeps giving them billions;)
Good days are coming for Intel.
Meanwhile stock prices going down, down, down.
Actually not, with the job cuts the other day, share price rose.
Failing company eroding its work force get a temporary bump in stock price.
Bullish 🤡
They have a big market share and can improve margins with big state subsidies and firing people. Bug corps always fine. Workers are the ones that suffer.
Don’t crack out the violins for Intel just yet. The reporting is hyperbole, and if you can’t digest the facts through the sensationalism. A media break might be a good plan.
Perhaps that’s an opportunity, if you don’t think it’s a value trap that is.
