TASOS Posted April 21, 2016 Share Posted April 21, 2016 I am re-posting this thread , since the 1st version had an accident. I'd like your thoughts and comments about this. Highly concerned , i hope i'm not the only one. Wondering. Am i missing something here ? SANTA CLARA, Calif., April 19, 2016 -- Intel Corporation today reported first-quarter GAAP revenue of $13.7 billion, operating income of $2.6 billion, net income of $2.0 billion and EPS of 42 cents. Intel reported non-GAAP revenue of $13.8 billion, operating income of $3.3 billion, net income of $2.6 billion and EPS of 54 cents. The company generated approximately $4.0 billion in cash from operations, paid dividends of $1.2 billion, and used $793 million to repurchase 27 million shares of stock. http://www.intc.com/releasedetail.cfm?ReleaseID=965822 SANTA CLARA, Calif., April 19, 2016 – Intel Corporation today announced a restructuring initiative ... These changes will result in the reduction of up to 12,000 positions globally — approximately 11 percent of employees — by mid-2017 through site consolidations worldwide, a combination of voluntary and involuntary departures, and a re-evaluation of programs. The majority of these actions will be communicated to affected employees over the next 60 days with some actions spanning in to 2017. Intel expects the program to deliver $750 million in savings this year and annual run rate savings of $1.4 billion by mid-2017. The company will record a one-time charge of approximately $1.2 billion in the second quarter. https://newsroom.intel.com/news-releases/news-release-intel-announces-restructuring/ Quote Link to comment Share on other sites More sharing options...
techjesse Posted April 21, 2016 Share Posted April 21, 2016 Intel Corporation today announced a restructuring initiative to accelerate its evolution from a PC company to one that powers the cloud and billions of smart, connected computing devices. Intel will intensify its focus in high-growth areas where it is positioned for long-term leadership, customer value and growth, while making the company more efficient and profitable. The data center and Internet of Things (IoT) businesses are Intel's primary growth engines, with memory and field programmable gate arrays (FPGAs) accelerating these opportunities - fueling a virtuous cycle of growth for the company. These growth businesses delivered $2.2 billion in revenue growth last year, and made up 40 percent of revenue and the majority of operating profit, which largely offset the decline in the PC market segment. The restructuring initiative was outlined in an e-mail from Intel CEO Brian Krzanich to Intel employees. "Our results over the last year demonstrate a strategy that is working and a solid foundation for growth," said Krzanich. "The opportunity now is to accelerate this momentum and build on our strengths." "These actions drive long-term change to further establish Intel as the leader for the smart, connected world," he added. "I am confident that we'll emerge as a more productive company with broader reach and sharper execution." While making the company more efficient, Intel plans to increase investments in the products and technologies that that will fuel revenue growth, and drive more profitable mobile and PC businesses. Through this comprehensive initiative, the company plans to increase investments in its data center, IoT, memory and connectivity businesses, as well as growing client segments such as 2-in-1s, gaming and home gateways. These changes will result in the reduction of up to 12,000 positions globally - approximately 11 percent of employees - by mid-2017 through site consolidations worldwide, a combination of voluntary and involuntary departures, and a re-evaluation of programs. The majority of these actions will be communicated to affected employees over the next 60 days with some actions spanning in to 2017. Intel expects the program to deliver $750 million in savings this year and annual run rate savings of $1.4 billion by mid-2017. The company will record a one-time charge of approximately $1.2 billion in the second quarter. http://www.techpowerup.com/221840/intel-announces-restructuring-initiative-to-accelerate-transformation Quote Link to comment Share on other sites More sharing options...
techjesse Posted April 21, 2016 Share Posted April 21, 2016 It's called "GREED" Quote Link to comment Share on other sites More sharing options...
GENiEBEN Posted April 21, 2016 Share Posted April 21, 2016 Next PPTX has to be fancier than last year's. Quote Link to comment Share on other sites More sharing options...
der8auer Posted April 21, 2016 Share Posted April 21, 2016 It's part of a normal business cycle and necessary to keep a company alive https://en.wikipedia.org/wiki/Business_cycle Quote Link to comment Share on other sites More sharing options...
zeropluszero Posted April 21, 2016 Share Posted April 21, 2016 Thanks Roman for always being the voice of reason. Quote Link to comment Share on other sites More sharing options...
l0ud_sil3nc3 Posted April 21, 2016 Share Posted April 21, 2016 Yup the economy is fucked on global scale and even the heavy weights are starting to feel the burn. Quote Link to comment Share on other sites More sharing options...
TASOS Posted April 22, 2016 Author Share Posted April 22, 2016 It's part of a normal business cycle and necessary to keep a company alive https://en.wikipedia.org/wiki/Business_cycle At first glance i kind of misunderstood your comment. I realized afterwards that your are obviously kidding. Quote Link to comment Share on other sites More sharing options...
der8auer Posted April 22, 2016 Share Posted April 22, 2016 Thanks Roman for always being the voice of reason. np haha Quote Link to comment Share on other sites More sharing options...
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