Over-react? I don't think so. Crap 2014 guidance, an admission that the company's own X86 efforts likely won't succeed in phones, and management that's willing to prostitute its manufacturing capabilities for short term gains at the expense of long term success.
It's another year of getting raked over the coals for Intel investors. Do you own shares, and - if so - are you feeling the very swift kick in the face that yesterday's final presentation was?