Tuesday, October 23, 2012

Intel: missing the forest for the trees?

http://m.seekingalpha.com/article/939621

"We find it amusing that even though Intel is facing a challenging operating environment due to the decline of the personal computer, at least it is giving noogies to AMD. We find it absolutely amusing that Intel's bottom line net income of $2.97B in Q3 2012 was comparable to AMD's top line revenue in H1 2012 of $3B. AMD preannounced another revenue decline of 10% for Q3 2012 on Thursday October 11, and it announced its second round of layoffs recently, in which it would cut up to one-fifth of its 12K employees.

In a way, we think that Intel's dominance of AMD served to weaken it, because while Intel was beating AMD worse than a government mule, it overlooked the nascent smartphone and tablet computing devices, and these products have served to sap demand for desktop PCs and even laptops."
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