Replies to post #10987 on The Rising Influence of Rising Affluence

[DewDiligence]

INTC—I have to assume that it won't be long before Intel makes a massive acquisition in the mobile phone marketplace. QCOM might be a nice but expensive fit.

As is the case for many US-based multinationals, INTC has most of its cash marooned in foreign subsidiaries, and hence it would incur a massive tax hit if it deployed the foreign cash to acquire a US-based company as large as QCOM.

[DewDiligence]

INTC says 2016 will be better:

http://www.wsj.com/articles/intel-sees-return-to-growth-in-2016-1447957747

Intel Corp. predicted modest revenue growth next year after a decline for 2015, spurred largely by demand for chips for data centers and other products outside the PC market.

The company, which hosted its annual meeting with analysts here Thursday, also announced a dividend increase. Intel’s shares jumped nearly 4% following the projection.

[DewDiligence]

INTC cuts 11% of workforce (12K jobs):

http://www.wsj.com/articles/intel-to-cut-12-000-jobs-1461097009

Intel said Tuesday that the job cuts are part of the company’s restructuring away from a computer-based company to one that powers the cloud and billions of connected computing devices.

…Intel said Tuesday that the job cuts are part of the company’s restructuring away from a computer-based company to one that powers the cloud and billions of connected computing devices.