One long-time Intel investor has had enough.
"My how the mighty have fallen," Nancy Tengler, chief investment officer at Laffer Tengler Investment, told CNBC's "the Queen Mary. It had two bad quarters. There's likely to be another one." Intel beat earnings estimates the last two quarters. However, weakness in data-center demand in the most recent quarter and a delay in production of itsShares plummeted more than 10% on Friday, closing at $48.20. It was down nearly 1% in Monday's premarket.
"For me, the most troubling issue is not the numbers. The numbers weren't that bad — the company generates $75 billion in revenue and has $3.5 billion in cash. So we know they can pay the dividend. The real problem is the manufacturing issue that just doesn't seem to be getting any better," said Tengler.
When you consider engineering overhead you pay the price.
Intel is run by a bunch of cowards. Do people understand how much this country was set back because this company did not innovate? They could have EASILY added chips with more cores but why do that when you are a monopoly. I am SO HAPPY AMD is wrecking them.
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