Replies to post #137304 on Intel Corp (INTC)

[Golfbum]

"AMD restructuring plan, which will be largely implemented in Q4 2014, is expected to:
•Reduce global headcount by 7 percent, largely expected to be completed by the end of Q4 2014;
•Align AMD's real estate footprint with its reduced headcount;
•Result in a restructuring and impairment charge of approximately $57 million in Q4 2014, primarily related to severance, and a restructuring charge of approximately $13 million in 1H 2015, primarily related to real estate actions; ?The company expects to make cash payments related to these actions of approximately $34 million in Q4 2014 and $20 million in 1H 2015;

•Result in operational savings, primarily in operating expenses, of approximately $9 million in Q4 2014 and approximately $85 million in 2015."

So will everyone work 7% (or more given they are losing share...) harder or will they kill some programs?

gb

[Elmer Phud]

GB

I suspect this big drop and a resulting conflict with the board about how to fix is what got RR the boot

That's what got Dirk fired too.

[Golfbum]

If it wasn't for licensing to Synopsis, both GAAP and non-GAAP net income would have been negative.

gb

[chipguy]

AMD is caught in a death spiral of reduced ability to invest in
new competitive designs they need desperately to arrest their
slide in revenue. Hail Mary plays like developing an ARM server
chip just further reduces resources for core products like x86
and GPUs. Hard to see any way possible path to daylight for
them.

[joseph pareti]

when they're out of cash they'll go back to croes for the next extortion