I was thinking someone should write a book documenting Intel's decline but it appears the book is writing itself.
From PC Magazine, August 8:
Amid Layoffs and CPU Controversy, Intel Postpones Innovation Event
The chipmaker is delaying one of its biggest events, which was slated for September and expected to include more details about upcoming processors.
As it faces layoffs and a CPU bug controversy, Intel has postponed its "Innovation" event.
Intel Innovation, one of the company’s biggest gatherings, was originally scheduled for Sept. 24-25 in San Jose, California. But on Thursday, the company began notifying attendees that the event will be pushed back.
“After careful consideration, we have made the decision to postpone our Intel-hosted event, Intel Innovation, in September until 2025,” the company said in a notice on the event’s website.
In a statement, Intel told PCMag: “Given our financial results and outlook for the second half of 2024, which is tougher than previously expected, we are having to make some tough decisions as we continue to align our cost structure and look to assess how we rebuild a sustainable engine of process technology leadership. We express sincere appreciation to our partners, sponsors, exhibitors, developer communities and our larger team who had committed to support and attend the event.”....
....MUCH MORE
Yesterday:
"Intel shareholders sue chipmaker after job, dividend cuts cause stock plunge" (INTC)
The stock is down another 72 cents at $19.77. Here's the 40-year chart via BigCharts:
