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Intel's WTF Chart
There is just one chart that anyone should care about in the aftermath of INTC's just announced Q3 earnings. This one. No comment necessary.
P.S. INTC guided to $4 billion in Q3 buybacks. The final number was $4.2 billion.
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Did they secure the contract to put micro chips in the Ebola vaccine?
WTF?
When nobody else wants to, then you do what you can.
Masturbation works.
Inequality -> Ebola
The usa for profit health care system is not prepared to deal with EBOLA. The CDC cant mandate the bankruptcy of most USA Hospitals and Clinics.
That is stopping them from tightening the guidelines. And then 26 year old nurses end up paying the price of improvisation
It is how much the banks are buying each other's stock (circle jerk) that would truly blow your minds.
If ha gots the money, ha gots to spend it
Hyper Ponzi
Will Intel automatically revert to a privately held company when it finishes buying all of its own shares back?
TIS, Intel will be one of the very last stocks I will sell. If they go private, I hope that INTC's share price is over $150...
Intel treasury is probably buying back shares in the after market as we speak, giving the perception that these mediocre earnings are actually great.
Borrow 4Billion at zero % interest and buy 4Billion worth of stock. Now pay yourself a bonus as your shares go up!!! What could possibly go wrong?
This is a $20 stock in a $30 dollar body...Loved the bit about the mobil chips division. {But hey, the "Internet of Things" is rocking!} :
Sales in the ”Data Center Group,” consisting of server chips and other infrastructure parts, rose 5% from the prior quarter and 16% from the prior year to $3.7 billion.
The “Internet of Things” business saw sales rise 14%, year over year, to $530 million.
Sales in the mobile chips division were $1 million, well down from $353 million a year earlier, and $51 million in the prior quarter. The mobile group had a $1.04 billion loss from operations, versus the $810 million loss a year earlier, and the $1.12 billion loss in the prior quarter.
Regarding PCs, prices fell for notebook computers sharply even as volumes rose, year over year:
The PC Client Group had revenue of $9.2B, up 9% on a year-on-year basis, with platform volumes up 15% and platform average selling prices down 5% over that same period. On a year-on-year basis, desktop platform volumes were up 6% and desktop platform average selling prices were up 2%. On a year-on-year basis, notebook platform volumes were up 21% and notebook platform average selling prices were down 10%. Relative to the second quarter, PC Client Group revenue was up 6% with platform volumes up 7% and platform average selling prices down 2% over that same period.
They are copying governments who are buying each others debts. Japan owns USA debt, tons of, USA owns tons of Japan's debt. EU owns its member Countries debt, EU owns US debt, and so on so forth, a gigantic Ponzi scheme. Worth trillions. Oh, and don't worry everybody is insured by somebody else, so that all this edifice is absolute secure through the use of derivative contracts.
I did NOT need the visual.
I'm not sure if the funniest part of that comment is you implied he couldn't get laid or your ignorance about the capabilities and uses of current technologies. The psychopaths that run the planet would never think of misusing it, right?
It took me under 5 seconds to search and get 225K results on patented nanotechnology uses for implantable medical technology. Let me know if you need help grandpa
That looks sustainable! Errr...
Elsewhere: is Hillary going after the pothead vote? http://tinyurl.com/m3k2oqp
crowd baiting
#sustainable
The only sustainability factor is people believing that the actors of the comedy are in control. Once that belief is shattered, there is nothing underneath it.
The Ponzi is worth hundreds of trillions. Which if the farce were to be discovered through stop of trust, would mean that 1 quart of mild would be worth 1000 us dollars. Don't believe me, run the numbers of what happens if people try to convert their paper money into goods and services. Velocity of money will accelerate to light speed in no time.
Must.....Buy Back......Stawk.....Need Moar 'Flow'......*wheeze*
Can we extrapolate 3 quarters out? How can they buy more than they make? or $ will be worthless by that time?
Tylers should add the amount of their corporate debt to the graph which will probably be closely matched to the buyback...
Debt is still cheap and abundant for those with the credit.
Shareholders of INTC are bankers as well and when their corporate corpses don't produce a good enough revenue stream, saddle 'em with debt to collect on and make up for the shortfall. Bankers have access to FED ZIRP window and there you go....
None of this is either natural or organic.
"And then finally, when theres nothing left, when you cant borrow another buck from the bank or buy another case of booze, you bust the joint out. You light a match."
Seems fitting, maybe not for Intel, but many, many companies out there.
pods
"Far out, Catherwood, just roll a few bombers and leave 'em on the end table."
"Yes madam". Oh, I say madam, I seem to have crushed it.
Yup. Debt mules. Same shit, different day. The free-for-all continues.
INTC's long-term debt is unchanged for the past year (13.188B v 13.165B) and short term debt is down (70M v 281M).
It's just them shoveling cash generated into their stock because there's no place else to put it.
caution this is a very obscene and disgusting suggestion
reinvest into the backbone of the company?
you know that nasty line item called "employee expenses"?
sorry, don't say you weren't warned!
I remember when the established tech companies had cash hoards and carried no debt. Now Intel has $13B of debt, no doubt all used to buy back stocks the past 4 years
According to the financial statements, they borrowed $11B to repurchase $16B of stock since the beginning of 2011.
Split that so muppets can afford to buy even moare staawks!
Hahaha hahaha hahaha
Happy Hollowen muppets!
This chart is change I can belive in.
At the rate they are buying back shares, the Federal Reserve could become one of the largest shareholders.
Then we get to see some serious shareholder activism.
probably totally unrelated, of course, but worth noting....
Just BTFD. Thats all we need to do, just BTFD.
Empire, Marriage & Mimicry
The empire offers any number of ways to spend wealth, and you are supposed to compete for one way to make money, with credit consumption. Labor offers many ways to make wealth, but few ways to spend it, with natural production. Whether one or the other is prison or freedom is a matter of perspective.
The capitalists rotate credit in and out of the artificial nation/state borders to foster demographic booms and busts. Labor discounts on boom and inflates on bust. The capitalist bloodlines predominate in the short term, with irregular replacement. The socialists are caught in the middle, having children when nature says not to and vice versa.
The socialists want the benefits of capital and labor, but without the responsibility of either, land to lord over and an entitlement check to pay for it. Dealing directly with the capitalists, from time to time, who lay the path of boom and bust for the socialists, to consume both sides of the artificial business cycle, is far more effective.
The capitalists and the socialists want the benefits of rearing children, the NPV multiplier, but not the responsibility, and come up with all kinds of schemes to the end, civil law, all ending in Family Law, taking yours, with public education if possible, divorce if not, and war if necessary, assuming NPV to multiply the annual take and issuing ever-longer bonds/mortgages on the future to cement the outcome.
The empire can only exist by cutting its populations off from nature and making them dependent upon derivative technologies. In a secular bust, the empire can only become increasingly fascist, with increasing financial repression, because its positive feedback reverses. Its take and NPV fall together, and it can only lose purchasing power.
Civil marriage, temporary possession of land and entitlement income, is given all the advantages. If you want economic mobility, spend no more than 10% of your time socializing in the current event horizon, because the habits in one prevent movement to another. Spend 90% of your time developing timeless habits. You cannot choose your parents or your children, but you can choose your spouse.
Bernanke rebooted from the top down and instituted a weaning process. Volcker applied cold turkey. Neither is as good as not taking the financial drugs in the first place. And you have what you see, inflation and deflation, changing speeds, unable to gain traction, because there is no labor working for the empire, providing a path for the followers to follow.
Labor maintains a base ratio of 4 +/-, regardless of empire finance and economic activity, regardless of spacetime, which is why the critters are so busy building and demolishing houses, along with the associated infrastructure. The majority doesn’t hunt down alpha males, dressing the warmongering passive aggressive empire as a damsel in distress, for bait, by accident, and this is not the first time the rocket scientists have labeled a blip as the Age of Humans.
Ideas are like guns, with far greater capacity to kill. Build your idea holders accordingly. The thieves will shoot each other in the head, every time, if you do not interrupt them. Taking a bullet is not the objective. Don’t let the apes and monkeys fool you with all the make-work. Technology is a double-edge sword, and dc technology is killing both privacy and the global economy.
Get your NSA healthcare today!
tl;dr
I had to quit when he called banksters "capitalists."
Short the f**k up, please.
Leveraged buy out bitchez!
and they beat earning by a penny.
The Cotton Candy Equity markets supplied with FED sugar and then spun thusly:
Those CEO's get paid in stock, don't they? Bet they take profits on days like today.
ALL. "Double, double toil and trouble;
Fire burn, and caldron bubble."
2 WITCH. "Cool it with a baboon's blood,
Then the charm is firm and good."
The people of the USA give the deserving people of Israel 12 billion dollars a year. So they spend it on themselves and the companies they own. Here is a reminder Israel can fit inside of New Hampshire and has a population of Massachusetts. Just keep giving them money I'm sure they will share with the rest of the world.
Jameson, your're correct, 12 billion a year, 3 from the U.S. Government, and 9 from private funds. You forgot the loans we give them, loans that are eventually forgiven. And don't forget the U.S. Military technology they sell to Communist China.
So...52-trading days in Q3 since last INTC earnings report.
The avg price of INTC was $34 during Q3
Therefore... They bought $80 Million or 2.37 MILLION SHARES PER DAY
They top-ticked it AGAIN!
WTF!!!!
More like they smashed it to the top. $30.98 on 7/1, then up to $35 two weeks later. Now that it's October, it's given most of that back.
Nucking Futs!
They liked it at 23, but loved it even more at 35.
Could be they're just trying to control their own company, so that Icahn (pronounced "I Can") won't get a stake and demand they release a Pentium watch that also makes toast.
Only the Fed is printing more money than Intel. Their gross margins is fucking 65%. If you were generating that kind of cash and had to choose between investing in this bullshit market or a buyback, you'd buy back your own stock, too.
Yea, makes total sense and I totally agree with you.
Cramer's Law - buybacks should double every quarter to ensure maximum production from pom pom waving operations.
Thanks for the down arrow Jimbo.
That's a hard act to follow.
at some point the Corporations will have to sell stock to generate cash....this will go full circle.....and if Buffett is still alive he will cut deals with them that we do not get..preferred shares with high rates of interest or convertibility...
They don't have to sell nothin, they can buy equities at like .25% and spend like drunkin sailors today in the hopes of profits tomorrow.
They must know something you don't Tyler!!!
/sarc
How did AA manage to report the growth in revenues? I'm still mystified by that one.
Is tinfoil part of the hazmat suit or is someone on DWTS wearing a tinfoil hat?
Man killed in Iowa plane crash was Libertarian party candidate for US Senate http://wtfrly.com/2014/10/14/man-killed-in-iowa-plane-crash-libertarian-...
Competition elimination for the Statist Party.
Intel is a cash cow. They're so far ahead of everyone else that it's virtually a monopoly. They've had 22nm chips on the shelf for over a year. AMD and Nvidia are still struggling with 28nm.
Intel is in a good place right now, some risks going forward but if things work out reasonably well they're going to be sailing in another year or two. In this economy, for something other than another wack job Internet company, that's pretty good stuff.
Stock may still correct down to 29 or 28 in the next few weeks, especially if the entire market tanks. If you can buy some Intel around 29 and hold it two years, you will probably be glad you did.
Kind of interesting to read all of this guessing about Intel.
Intel is actually pretty worried about the future since their flagship product is not going into a lot of devices and it has virtually no luck in opening up other lines. Been on a big expense-slashing jihad, putting new fabs on hold, and dialing back quite a few things.
On the other hand, I congratulate them for not being entirely crazy like so many other multinationals. There are only two places on the planet where Intel produces its top of the line stuff-- Portland and Tucson. Not in Canada, not in Ireland, not in Israel, not in China and not in anyplace else. The crown jewels are always kept safely at home. Period. Full stop.
Plants built overseas produce stuff that has long since become obsolete or obsolescent. For example, the big new Intel plant in Dailian, China was built to produce Pentium chips.
Yes, that's correct. The great high-tech Chinese are incapable of producing mid-1990s technology without foreign assistance even now. Something to keep in mind when writing all of the America is doomed posts that people seem to love so much.
ASICs ran cold when BTC fell. Now Intel can sell the shit back at a 35% profit.
Mining hardware companies operate on the margin of a cunt-hair.
For 6 years, the government has been begging companies to take advantage of free money to lever up and reduce sharecount. That is their economic growth plan, which looks to continue.