Intel (INTC)

[I_banker]

Today's company presentation ended up being quite a disappointment and the reason for the almost 4% decline in price. They touted the new chip (available in December), but did not give any update on the foundry business or standalone AI chip development. I expect the stock will decline in the near term.

[JJ8]

ShawnyD: It's nice to see intc do well in this down market.

My acct shows dividend credited.

Share price still in Double Top Breakout continuation mode since it happened on 29-Aug-2023.

Cheers & Have fun

[weedtrader420]

WOOHOOOOOO WOOHOOOOOO

[ShawnyD]

The dividend went from 5% to 1.17% this year… they need to compete against apples M1 chip.

[JJ8]

Good for you! Congrats.

I wonder if I got as well. My buying of shares are quite recent. I know they are now trying to build up again and it will take time. Intc is good for st swing trading and for long term.

Almost all good computers had intl chips inside. It was the best company few decades ago. I remember CEO Andy Grove.

Also I used to see new Intel building offices spreading in cities that I traveled from SF to S Lake Tahoe, quite often. Go Intel!

[ShawnyD]

I got my $6 in dividends today! Ohh boy!

[JJ8]

This path appears to lead to $38.60 >>> $39.01 and higher while the chart pattern is still propelled by the DB on 29-Aug-2023.

Go Intel!

[ernie44]

made the best 1 day gain in quite a while----interest rate is bugging the hedge fuds

[JJ8]

Added more shares to account at $36.53

[JJ8]

Intel share price Double Top Breakout today on 29-Aug-2023

PS: I am resisting my urge to buy here. However, will wait for the next opportunity at lower prices. GLTA

[Kswies]

Where is that link? $INTC Long

[ShawnyD]

In 2036 maybe lol

[weedtrader420]

INTC $75 TARGET PRICE

[weedtrader420]

INTC AMD WOOHOOOOOO

[JJ8]

Doubled owned shares buying at $33.15, this time, yesterday. That was step 2.

Cheers & GLTA

[ShawnyD]

Dividend dived after I bought.. terrible management

[alan81]

Judge Albrights ruling that the SVM-RFE patent fails Alice adds credence to Intel's process.
Alan

[JJ8]

Intel share price had a Double Bottom Breakdown on 16-Aug-2023

I bought shares at $36.00 when the signal for a breakout was first given on July 27. That was step 1.

I shall see where this downtrend will lead to, and when another breakout signal is given. GLTA

[Good Sport]

It's an absolute shanda what this company has done to Health Discovery Corporation! Intel and it's goons are a total disgrace.

[JJ8]

Intel share price had a signal of Ascending Triple Top Breakout on last Thursday 27-July-2023.

The challenge now appears to be to try to rise and again to hold $37.11 or above. Today it failed.

May be that's too much to ask for as it rose even higher then settled at $35.77 at market close.

I bought some shares at $36.00 It used to a great stock few decades ago under Andy Grove.

However, it looks like a "slow moving train" at this time. Too much competition by better companies.

GLTA

[Kswies]

I agree. This is super cheap compared to where we will be 2024 on.....$INTC long and strong!

[TucsonPhil]

They are also spending massive amounts on building a new chip infrastructure. The buildout will pay off in the long run, so take your dividend and wait.

[tw0122]

Intel recorded a $2.8 billion loss - its biggest quarterly loss of all time - and profits fell by 134 percent during the first quarter of 2023, when compared with the same period a year ago, due to falling sales in key markets like datacenter servers and PCs.

[Kswies]

Intel will receive an enlarged subsidy package worth about €10 billion $INTC LONG AND STRONG!!!

[ernie44]

INTC was mentioned on Blumberg......NICE VOLUME ---is good for both sides

[alan81]

INTC announced layoffs around 6 months ago.
Looking at the Q4 earnings statement, they did not drop headcount at all. Q1 indicated they had finally dropped about 6K people. I think they need to drop another 15K or so to get the costs under control. I know a few folks who have taken a package deal. I suspect to hit the goal they will need to layoff some folks who would rather stay.

[Koog]

Very unfortunate news, but massive layoffs at Intel coming!
Intel's Datacenter and Client computing groups are receiving ~10% budget cuts
It's up to divisions to figure out how to cut
Given fixed costs, means as much as 20% layoffs in groups
LTD (process node) unaffected$INTC

— Dylan Patel (@dylan522p) May 7, 2023

[Koog]

Intel : Reports First-Quarter 2023 Financial Results

- First-quarter revenue of $11.7 billion, down 36% year over year (YoY).
- First-quarter GAAP earnings (loss) per share (EPS) attributable to Intel was $(0.66); non-GAAP EPS attributable to Intel was $(0.04).
- Forecasting second-quarter 2023 revenue of $11.5 billion to $12.5 billion; expecting second-quarter EPS of $(0.62); non-GAAP EPS of $(0.04).

https://www.marketscreener.com/quote/stock/INTEL-CORPORATION-4829/news/Intel-Reports-First-Quarter-2023-Financial-Results-43667563/

[alan81]

Two questions I honestly don't know the answer to.
(1) Is there any evidence Intel has used these patents after the interference proceedings were completed?
(2) Is Intel liable for usage of these patents prior to clear ownership of the patents?

AFAIK, all of the use cases listed in the lawsuit predate the conclusion of the interference trial. The life of the patents were extended due to the time it took to resolve the interference, bringing into question the liability prior to the conclusion of the interference trial.

So far HDVY has struggled with the first hurdle of proving the patents are valid.
It seems the second hurdle of proving Intel illegally used the patents will also be difficult.

[Koog]

HDVY is a notorious patent troll. How many times are they going to take a run at this after being repeatedly bounced out of court?

[Good Sport]

Health Discovery Corporation v. Intel Corporation
District Court, W.D. Texas
Docket Number: 6:22-cv-00356

Date Filed: April 17th, 2023, 8:44 a.m. CDT

SCHEDULING ORDER: Motions due by 8/25/2023, Pretrial Conference set for 11/14/2023 before Judge Alan D Albright, Jury Selection and Jury Trial set for 11/27/2023 before Judge Alan D Albright. Signed by Judge Alan D Albright. (sm3) (Entered: 04/17/2023)

[Koog]

BREAKING Intel Exiting the Server Business Selling to MiTAC

In line with Intel’s continued efforts to prioritize investments in its IDM 2.0 strategy, we have made the difficult decision to exit our Data Center Solutions Group (DSG). As part of this plan, MiTAC, an edge-to-cloud IT solutions provider and longstanding ODM partner of DSG, will have the right to manufacture and sell products based on our designs. We are focused on ensuring the DSG team and its stakeholders are supported during this transition. (Source: Intel Spokesperson to STH)

https://www.servethehome.com/breaking-intel-exiting-the-server-business-selling-to-mitac/

[The Chisme]

solid

[Kswies]

Intel’s stock set for best month in 22 years!
Intel’s stock set for best month in 22 years

[Koog]

Gordon Moore, Intel Co-Founder, Dies at 94

https://finance.yahoo.com/news/gordon-moore-intel-co-founder-000000759.html

[ison929]

Why nobody is posting anymore.

[Liam859]

$INTC $25.09 long term easy buy it goes to $20-$22 maybe i yolo $$$$

[alan81]

They still talk of IDM 2.0 so I don't think they plan to spin off the factories. OTOH, it does sound like they expect the design teams to treat Intel factories as they would TSMC factories... or put another way they expect Intel factories to act like foundries, even for Intel products. I think this is part of the cost cutting efforts. The rumors of something like 13 steppings on Sapphire Rapids indicates the design teams are out of control, and this is one way to make them go slower and produce higher quality designs with fewer hot lots and rush jobs.
Alan

[Koog]

I agree that the divvy cut had to happen. Doesn't make me happy though. Vattila over on SI thinks Intel is accelerating their plan to separate design from manufacturing to build IFS based on the comments surrounding the dividend announcement. I think he may be correct.

I have diversified my portfolio since retirement, especially during the dark days of Krzanich. I moved 10% of my remaining INTC to NVDA this morning. I'm going to miss that dividend though.

[alan81]

Thanks for sharing this. It was inevitable. Intel remains a high risk high reward play. If Intel 18A is a solid process and they will be out of the woods.
Alan

[Koog]

Intel cuts dividend 66%.

https://finance.yahoo.com/news/intel-updates-capital-allocation-drive-123000813.html

[alan81]

I just finished reading the book "flying blind, the boeing 737 max..." . It talks about Boeings transition from being a great product engineering company, to a GE type company focused on financial engineering. A very good read. Hopefully Intel finds its way back to its roots of engineering great products.
Alan

[Koog]

but I need to see it before I believe it.

So do I. I was talking to my financial advisor yesterday and said it seems there are 2 possible futures for Intel:

They re-create the company and turn it around or they become another GE that can't seem to get out of its own way.

[alan81]

What we don't know is the extent they have sacrificed the short term in order to invest in the longer term projects. I think given his background Pat is likely to have gone this route, which bodes well for 2024... Intel 20A/18A has the potential to be a real game changer, but I need to see it before I believe it.
Alan

[Koog]

FYI, this is interesting:

INTC Insiders Buy In, Heavily

Steve Anderson
Feb 03, 2023 at 12:43 PM

Gelsinger and Zinsner weren’t alone in their purchases. In the last three months, Intel insiders have purchased a combined $3.4 million worth of stock. Gelsinger and Zinsner only account for $501,000 of that, so it’s clear there’s more going on here. Right now, insider sentiment at Intel is Very Positive, despite everything that’s happened so far. It looks right now like the insiders are planning for a turnaround.

https://www.tipranks.com/news/intc-insiders-buy-in-heavily

[TucsonPhil]

They filed for a new shelf offering with SEC, so expect a price drop today.

[TucsonPhil]

And CEO only takes a 25% pay cut.

[DewDiligence]

At INTC, the picture gets uglier still:

https://www.wsj.com/articles/intels-leap-of-faith-turns-into-a-lurch-11674832525

There is never a great time to spend obscene amounts of money fixing problems years in the making. For Intel Corp. though, the timing couldn’t be worse.

…Revenue for the year fell 20%—the worst annual decline the company has seen since the dot-com bubble burst in 2001.

…Capital expenditures totaled $24.8 billion, up 33% from the previous year. That is an eye-popping sum from a company that has typically spent in the midteens billions of dollars, and even more so considering it represents 39% of Intel’s revenue for the year.

…Intel projected a 40% year-over-year revenue decline in the first quarter, which would be the worst drop since at least 1992… The company even broke with past practice by declining to give a projection for the full year…

[Koog]

Gelsinger will be on CNBC in the 11 AM hour.

Sure wish EP, WBMW and others were here to chime in.

[Agoura Guy]

HORRENDOUS EARNINGS AND GUIDANCE!!!!!!!