[melling]

Pat killed Intel’s share price. Should have paid more attention to the balance sheet. I thought he would eventually turn the company around but Intel was priced for bankruptcy.

Stock price has tripled since last August. Hopefully, Intel is really back. They do need a couple of Fab customers.

[m132]

Was it Pat or Brian? If I recall correctly, it was under Brian when Intel had one of its worst periods of stagnation, when the 10 nm process all the bets were on turned out to be a non-starter, and when Meltdown and Spectre erupted. It's easy to overlook this because Intel had fairly no competition around then, but that doesn't mean the company was in a good shape.

I've always felt like Pat was a scapegoat who was chosen to clean up the mess when the whole place was already up in smoke and the smell was only starting to leak out. I liked his strategy, was disappointed to see him booted out.

[osnium123]

BK really destroyed the company and Bob Swan was the finance guy who did not have a vision. Pat was the visionary who saw the value of the fabs but it took a long time to turn things around.

[ksec]

>Bob Swan was the finance guy who did not have a vision

Let's be fair to Bob, he has the vision, but dont know how to execute it because he lacks the technical knowledge.

He was also the one who finally settled the argument I had for 5 years, if Intel were to made 250M Modem for Apple, where is the additional Capex for capacity expansion on their Fabs. The answer, only to be told by Bob in a 2020 interview was they never really planned for it.

[osnium123]

I think the 5G modems were intended to be manufactured by TSMC even before they sold the division to Apple.

[ksec]

>Pat killed Intel’s share price. Should have paid more attention to the balance sheet.

Let's face it. Everything he cut, and products / department he sold were what he wanted to do on day one. He had to force his hand, make the stock price worst and ultimately force the board to allow him to do it.

You could argue he laid all the foundation for today's Intel to thrive.

Yes, I am pointing the fingers at the board. Although words on the street was the board also have their hands tied as they were also beholden to large institutional investors. It is all a Game of Cards.

[mort96]

I don't understand what you mean. Stock price has tripled since last August based on Intel finally having a competitive architecture and a competitive process again, no? At least that in combination with various geopolitical circumstances. Sounds like Pat's decision resulted in Intel's stock price rising?

[melling]

“The stock price has tripled since last August”

That’s just a statement of fact. I offered no other analysis.

[mort96]

This seems like analysis? "Pat killed Intel’s share price."

[melling]

I suppose if you just look at a chart…

[mort96]

Then what?

[tw04]

Much like a president, most of their decisions take years to really be felt. The major changes Pat made weren’t going to change the balance sheet for years.

What exactly has Intel done that’s dramatically different than Pat’s vision that you feel is increasing share price?

Or is it just that they sold their soul to Trump combined with Pat’s choices finally bearing fruit?