Stock moving up slightly? In the context of the last week even it seems like Wall Street mostly doesn't care either way.
At this stage in Intel's life I think having a financier overseeing the company might actually be a good move. Engineering leadership is of course critical across the business, but they company has historically paid large dividends and is now moving into a stage where it's removing those pay outs, taking on debt and managing large long-term investments across multiple parts of the business.
Someone needs to be able to manage those investments and communicate that to Wall Street/Investors in a way that makes sense and doesn't cause any surprises.
Pat's error isn't that Intel revenues are slowing or that things are struggling, it's the fact he continued to pay dividends and pretend it wasn't a huge issue... until it was.
At this stage in Intel's life I think having a financier overseeing the company might actually be a good move. Engineering leadership is of course critical across the business, but they company has historically paid large dividends and is now moving into a stage where it's removing those pay outs, taking on debt and managing large long-term investments across multiple parts of the business.
Someone needs to be able to manage those investments and communicate that to Wall Street/Investors in a way that makes sense and doesn't cause any surprises.
Pat's error isn't that Intel revenues are slowing or that things are struggling, it's the fact he continued to pay dividends and pretend it wasn't a huge issue... until it was.