Intel Gets Sued over 6 to 12 month 7nm Delay
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wavetrex
Ouch.
When it hurts, it GigaHURTZ.
I have a feeling it will become much worse for them before it gets better.
tsunami231
what? I think the stupid thing I heard for being sued
might be good time think about buy Intel stock , before the bounce back? I been toying with notion for buy AMD and Intel Stock for while. buy AMD is alot more feasible for me though
The Laughing Ma
So investors, the guys who are basically gambling on their cash increasing as a result of a company doing well are suing Intel because their 'gamble' wasn't a sure fire thing?
Have I missed something here is that not how investing in something works? You gamble to a degree on the thing you invest in doing well?
What would have happened if Intel had told them sooner, they wouldn't have invested or would have tried to pull their investments which would have had the same net effect. Does that mean that the investors who pull their cash last, when they get the smallest return, can then sue the investors who pulled their cash earlier for driving down Intel's share price?
DownwithEA
I haven't researched Intel but before jumping in I'd check the past quarterly revenue and Earnings Per Share over the past 3-5 years. If they are in a downtrend I'd be cautious. Personally I'd wait to see a positive reaction from Intel for shareholders and consumers. "the worst report Intel has released in 42 years." does not inspire confidence in me. Just my personal opinion. Meaning I could be totally wrong.
Reddoguk
Talk about kicking a man while he's down....
Silva
They had it coming, not being honest about your business sooner or later will kick you in the face.
I'm sure they'll come back with more and better products, but it will take a couple of years as Ryzen was a hard buttfuck.
cryohellinc
Kudos to investors for doing this - this is deceptive after all, and Intel is using dirty tactics at this point. That's never a good sign.
That being said, if we look at the recent five years,
https://i.imgur.com/VsIl3Gf.png
This whole stock situation, at least as of today, isn't that big of a deal to them. The amount of money Intel has and can burn is insane.
Nevertheless, what I do hope is that Intel will start heavily investing in development / stop the internal power struggle / finally come up with a realistic roadmap and a plan.
The last thing we need right now is another Intel situation; however, this time, in turn, it will be AMD that will dominate (and then stagnate).
waltc3
There's only one reason Intel is in rough seas at present: AMD. Intel doesn't know how to run a competitive corporation. The company never expected AMD to blindside them again, and so never expected to have any competition in their markets, and sat there and milked older architectures for a decade, rolling in the dough, and figured the gravy train was perpetual and eternal. 14nm forever, right? AMD, otoh, has never been anything but an ultra-competitive company. And there it is.
Reddoguk
Fox you say that fully knowing AMD will gain a larger market share where Zen 3 hits and 4XXX chips will be way more secure and use less power all while being way cheaper than anything Intel has to offer.
I'm only thinking AMD will do very well in the next 2 years, after that i don't now. What i do know is that Intel are struggling to see past 14nm and may even take poor yield and just run with it as they need to get their so called 10nm which is meant to match AMDs 7nm while AMD are moving already to 7nm+ and even 5nm isn't that far off according to AMD.
I'm not saying Intel is screwed but things aren't right within that company right now and if you don't think Intel is about to take a hit in the desktop market with the 4600X 4700X 4900X already a lot of people including myself have saved just for AMD 4XXX and Nvidia 3XXX.
Second gen RTX and AMD 4000 series is gonna be some system. I can afford a 3090 or 3080Ti or whatever it's called but i'll probably just get a 4700X and a decent 3rd party 3080.
fantaskarsef
In regards of all the issues Intel has, if they have some trust in their own work, they should rebuy their own shares now that they're cheap, and sell them again down the road.
GREGIX
yeah
AMD was like capsized and sinkin boat, more than half way to sunk, then got wind assistance (zen) and magically went straight back on course, wind in they favor, water pumped out....
Reddoguk
I mean 2 years from now AMD will already have 5nm chips on the market. It's not like Intel can't catch up or even overtake them but not for at least 2 years now and stocks will go down even more when Zen 3 is released this September/October. Investors may not invest if they feel that 2 years is too long of a wait to find out even. They better come up with something in the next year or AMD gains will be greater than expected. Intel need to show a working 7nm chip in about a year even though it might be 18 months to two years until their ready for public.
The Laughing Ma
True, I don't, but somewhere I get the impression that a lot of entitled people think they are owned money that technically they are not.
Martin5000
but but but Intels 1080p gaming 7% advantage will resolve all the problems such as Foreshadow PortSmash SPOILER Meltdown Spectre Fallout RIDL ZombieLoad and others.
Maddness
I think that this is a large part of what is truly wrong with the world. Everyone believes they have an entitlement to something.
sykozis
And things are only getting worse....
xodius80
good, intel needs to get its act together, all this consumer locking, premium features prices and the such needs to stop.
Fender178
Intel is a complete shit-show right now. They have so many internal problems. So I am not surprised that this is happening.
schmidtbag
I see why you're saying that but I don't think it's that unproductive. The reason people invest is because they hope their investments will yield a net profit. Intel has effectively lied to their investors and as a result, they aren't getting their net profit. So, they're suing to, at the very least, get back the money they put in, and to hopefully get Intel to take their situation more seriously. There must be some reason why Intel is struggling to advance their technology when Samsung and TSMC seem to have got it figured out just fine. If Intel were alone in this endeavor and AMD wasn't drawing attention away from Intel, I don't think we'd be seeing this lawsuit happen. Intel was relatively stagnant in progress for years, but only now does it matter because there's a viable alternative, and that alternative is hurting Intel's stock value.
Actually, those are the very few things shareholders are happy about, because that means people are artificially paying more money, which the shareholders benefit from. Intel does in fact need to get their act together but the scummy business practices are unfortunately not going to go away any time soon. Oddly enough, it seems Intel is doubling-down on them.
Fender178
You got that right Murthy Renduchintala is one such person because he felt that he was entitled to be CEO of Intel hence he sandbagged other employees on trying to become CEO.
And now Murthy is leaving.
