Intel Corp (INTC)

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"Lost out" is past tense by the way. I think having 0.6% mobile
market share counts as having "lost out". The context of the
discussion was Otellini's past tenure and its influence on the
stock price.

Isn't hindsight a wonderful "talent"? I'm pretty sure PO can reminisce about what he "should have done" as well as any of the arm-chair experts, such as yourself. But that's not, shall we say, "relevant".

What's relevant is what PO has loaded into the 5 year technology pipeline, once it had became obvious to him that Intel needed to shift as a company - and when he started doing so. It won't be obvious to us, as outsiders on an internet forum, what those changes are, but it's pretty obvious based on Medfield's results that Intel is capable of developing a product targeted at Smartphones. What you seem to be insisting is that PO had the foresight a decade ago when Qualcomm and Apple were first getting started, to prime the investment pump back then - and such a notion to me is unimaginably unrealistic.

Medfield's design was ready in early 2011 (and had it not been for Nokia, it would have arrived that year). That means Intel would have had to tape out in 2010, and start the design in 2008. Wow, come to think of it, iPhone was first released in June 2007, and we began witnessing the market data about 6 months later, about the same time PO did. And you must think it's complete coincidence that Medfield turned out to be a stellar phone product several years later!

It's not like major silicon investments just fall out of a hat, or turn out the way they do without direction. You claim to be immersed in the semiconductor industry, but you post as if you are naive to the time it takes to develop a brand new kind of product. Sorry if that comes across as insulting, but I feel I have to speak out about how fruitless your complaints are.

And what's more, if PO was ready to put his money on Medfield back in 2008, he's had to have doubled down at least a few more times since then - especially with Intel watched under the microscope by analysts, and blamed by people like you for "missing mobile".

Naive investors are often impatient and unable to grasp what it takes to make a given industry successful. Sometimes they think someone new can step in and wave a magic wand, or a management shake-up will somehow yield different results. However, I would have expected more from a self-proclaimed expert such as yourself.