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GreenEngineering3475 @lemmy.world

1y ago

Intel hit with lawsuit over $32 billion loss, shareholders complain company hid problems

www.tomshardware.com

Intel hit with lawsuit over $32 billion loss, shareholders complain company hid problems

Was Intel hiding its big problems all along?

Kristof @scribe.disroot.org

Kristof @scribe.disroot.org

1y ago

Intel lmao

www.tomshardware.com /tech-industry/intel-hit-with-lawsuit-over-dollar32-billion-loss-shareholders-complain-company-hid-problems

Hardware @lemmy.world

GreenEngineering3475 @lemmy.world

1y ago

Intel hit with lawsuit over $32 billion loss, shareholders complain company hid problems

www.tomshardware.com /tech-industry/intel-hit-with-lawsuit-over-dollar32-billion-loss-shareholders-complain-company-hid-problems

8 comments

Ah finally, some good fucking ~~food~~ news
Can't speak for the legal validity of this suit, but anyone who bought Intel shares in 2024 (or even 2023) and was surprised by recent developments in the company didn't do their homework.
- What homework! Are you referring to when Intel said it was the fault of their partners? Or was it when they said it was customers fault for overclocking their processors? Maybe the teflon media statements? Either way. Intel operated yet again fraudulently.
  
  I was refering to the overall challenge of competing with a significant node disadvantage, competition from ARM, the challenges of entering the GPU space and the enormous difficulty of their IDM 2.0 strategy.
  These initiatives represent would be difficult for any company/management team.
- Intel's stock is currently trading at nearly the same price it did 20 years ago
  
  I would say this is good time to buy intel stock. But I am no expert when it comes to investing.
  With their current position, you don't need to be an industry insider or work in the semiconductor industry to see that they've been in a tough spot for a while and that it will take many years for them to turnaround their business. Just my opinion.

8 comments