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Intel to slash 12,000 jobs and take a $1.2 billion charge, stock drops
Business Insider ^ | April 19, 2016 | Matt Rosoff

Posted on 04/19/2016 2:19:45 PM PDT by bobsunshine

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1 posted on 04/19/2016 2:19:45 PM PDT by bobsunshine
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To: bobsunshine

I got out of all NASDAQ positions this morning.


2 posted on 04/19/2016 2:22:08 PM PDT by CincyRichieRich (Trump is the ticket or the republic ends.)
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To: bobsunshine

WOW.
This is bigger than I expected.


3 posted on 04/19/2016 2:23:33 PM PDT by Zathras
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To: bobsunshine

Tick tick tick...


4 posted on 04/19/2016 2:23:50 PM PDT by dragnet2
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To: bobsunshine

[Intel plans to cut 12,000 jobs, or 11% of its workforce.]

Summer of Recovery 487485257 is coming soon!!


5 posted on 04/19/2016 2:23:53 PM PDT by SaveFerris (Be a blessing to a stranger today for some have entertained angels unaware)
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To: bobsunshine

Liberals will rejoice.


6 posted on 04/19/2016 2:24:20 PM PDT by wally_bert (I didn't get where I am today by selling ice cream tasting of bookends, pumice stone & West Germany)
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To: bobsunshine

Not good.


7 posted on 04/19/2016 2:27:35 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: bobsunshine

Whoa! No kidding.


8 posted on 04/19/2016 2:29:06 PM PDT by servantboy777
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To: SaveFerris

Obama is still blaming Bush.


9 posted on 04/19/2016 2:29:59 PM PDT by Moonman62 (Make America Great Again!)
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To: bobsunshine

I’ve had no desire to purchase a new PC since windows 8 came out. Windows 10 is no where near as bad as windows 8, and I’m sure some people will respond telling me how good windows 10 is. Regardless I don’t plan on spending my money to replace my PC’s with something I like less.


10 posted on 04/19/2016 2:31:40 PM PDT by conejo99
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To: bobsunshine

Geez. That’s really serious.


11 posted on 04/19/2016 2:34:23 PM PDT by dinodino
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To: bobsunshine

Green shoots...


12 posted on 04/19/2016 2:41:25 PM PDT by SZonian (Throwing our allegiances to political parties in the long run gave away our liberty.)
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To: bobsunshine

I bet all those people in Oregon are happy they canceled tha natural gas pipeline and LNG export port.


13 posted on 04/19/2016 2:42:21 PM PDT by VanShuyten ("a shadow...draped nobly in the folds of a gorgeous eloquence.")
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To: dinodino

11% - 1-in-9.


14 posted on 04/19/2016 2:43:10 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: bobsunshine

They closed an entire plant in MA recently.


15 posted on 04/19/2016 2:47:17 PM PDT by Snowybear
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To: bobsunshine

Last I heard, unemployment was good for stimulating the economy, see Nancy Pelosi, So this is a good thing right? I mean at least they will be able to spend more time with their families now. ANd that is supposed to be real good also, see Barack Obama.


16 posted on 04/19/2016 2:52:46 PM PDT by eyeamok
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To: conejo99

Not sure what this has to do with Windows since Intel makes chipsets for all of Apple’s desktop, and laptops as well.


17 posted on 04/19/2016 2:55:30 PM PDT by miliantnutcase
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To: miliantnutcase

Not to mention that AMD makes processors for PC’S too.


18 posted on 04/19/2016 2:59:11 PM PDT by raybbr (That progressive bumpers sticker on your car might just as well say, "Yes, I'm THAT stupid!")
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To: miliantnutcase

“Not sure what this has to do with Windows since Intel makes chipsets for all of Apple’s desktop, and laptops as well.”

But how many of each. Windows is still probably 90% of the PC market. Even at that, some portion of Apples growing market share might be attributed to a distaste for newer windows versions by some segment of their customer base.


19 posted on 04/19/2016 2:59:20 PM PDT by conejo99
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To: bobsunshine

Well, I’m sure those laid off Intel workers can’t wait to start at their new $15/hr min wage jobs. Intel sucked to work for anyway. Dems really take care of people!


20 posted on 04/19/2016 3:02:46 PM PDT by mikey_hates_everything
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