Intel Corp (INTC)

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chipguy,

There are a number of folks here who think things like process
technology and MPU product design cycles can change on a
dime.

With all due respect (and I mean this sincerely - I do respect you and many of your posts, even when they are tearing me a new one), I urge you to watch that video from IDF 2009 that I linked. It was clear even then that Intel was telling developers/investors that it wanted to play in this space. Further, the acquisition of Infineon Wireless in late 2010/early 2011 showed that Intel realized the need to play in this space even back then.

Nobody is expecting that Intel would change overnight, but I have to remind you that investors have been told that this stuff has been in the works since 2011. BTW, as somebody who does do his due diligence in tracking Intel's management's claims, I would now like to direct you to the following presentation:

http://intelstudios.edgesuite.net/im/2012/pdf/2012_Intel_Investor_Meeting_Eul_Bell.pdf

On slide 21, you will see Intel claiming that in 2012 it would win designs and then by 2014/2015 it would be "extending product leadership". They clearly fell far behind their own expectations and the ones given to their investors.

Now, take a look at this slide deck here,

http://intelstudios.edgesuite.net/im/2012/pdf/2012_Intel_Investor_Meeting_Eul_Bell.pdf

If you'll direct your attention to slides 37 and 42, you will see that Intel clearly expected to grow its share in phones/tabs significantly and that Other IA would be a $5.5B+ business in 2013. The company missed the mark pretty heavily, largely due to products being uncompetitive/late.

Look, I know you have plenty of experience designing chips, and this is extremely valuable to investors, but on the flip side, you have to take a step back and judge a company by its ability to deliver on its promises to its shareholders. Clearly a lot of things in Other IA went very wrong and us shareholders now have to pay the price for it.

You might be willing to make excuses for Intel, and frankly I still want to say "just wait for Broxton, it'll kick butt", but you have to think now like a business owner. Intel has failed to deliver value to you, me, and everybody else who buys-and-holds the stock. I think criticism is important and I think understanding what went wrong is important.