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by gruez 596 days ago
>that should be spent on R&D towards stock buybacks ($152B since 1990 as of September.)

Starting from 1990 seems like a weird starting point, because it includes much of Intel's heyday when their profits were arguably well deserved. Is the implication that every business shouldn't have profits and should plow every cent back to R&D?

1 comments

I used that period (vs saying they spent $110B between 2005-2021) to establish the fact that it's a known, expected pattern of behavior regardless of Intel's performance, roadmap, or market conditions to lead the reader to recognize that if bailed out they'll likely continue in the near future instead of utilizing that money for its intended purpose.

Instead of assuming my comment is a generalized view on how businesses should operate as whole (and not the subject of the piece), perhaps take a moment to consider how the magnitude of buybacks--in the face of stiff competition, that have now leapfrogged them--is directly correlated to the mismanagement and dysfunction within Intel that leaves them unable to rise to the challenge the country demands.