back to article Intel, AMD financials: Bad news for Obama campaign

Nothing affects the outcome of a US presidential election more than the state of the economy, and if Barack Obama heard the comments made by Intel and AMD execs when they announced their company's earnings this week, he may very well have broken into a flop sweat. "As we look ahead to the second half of this year, consumer …


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      1. Don Jefe

        Re: What makes you think their name is important?

        No. If you are anonymous it makes it much easier to make inflammatory comments with no proof or justification (just for the LULZ aka 'kiddie trolling').

        There's a reason politicians don't listen to the Internet and it's because they don't have to. People use pseudonyms to disguise themselves and by doing so they completely lose any democratic input they are entitled to.

        If someone is posting just for fun then it's different; but if people want to make a difference and make a stand for what they believe in their are only two choices: Use your real name to initiate a discourse with your representative/MP or stage a revolt. I doubt that many of the 'AC's' on the Internet have the stones to revolt so they'll be much better off 'manning up' and letting their leaders know what they think and using their real name.

  1. Anonymous Coward
    Anonymous Coward

    Server Prices to High!

    Looking at Intel server chip prices over the past few years ... There is serious Price Gouging going on at a Feverish level.

    Keep in mind that's just the Processor not a Server.

    Intel Xeon E7-2870 = TRAY: $4,227

    Intel Xeon E7-4870 = TRAY: $4,394

    Intel Xeon E5-4650 = TRAY: $3,616

    Data centers have got to be fed up with playing Intel's game. So they wait it out!!!

    Why do you think HP made a statement some months back they were considering selling there Computer business? ....They where fed up with Intels price gouging .... They must have got the deal they wanted, but G do you have to threaten Intel just to get them to the table to negotiate.

  2. Sirius Lee

    Clearly a couple of companies with an interest in the outcome

    The language used seems to have a political calculation. Economies are not slowing. OK China is not growing at the dizzying heights of growth it was (but it used to be that economists were concerned about too much growth). No economies are flat. Here in the UK it's been +/- 0.3 since 2008. The politicians want to tell you (via their forecasts) that growth will resume the next year. Company execs like Otellini want to believe in those growth forecasts so they are able to show shareholders ever larger profits and, so, keep their jobs.

    So it's not true to say that economies are slowing. This is an untruth: they are flat. Flat economies are a problem now because so many past contracts were priced assuming there would always be jam tomorrow. That future growth would bridge the gap in pension provision, etc. So now a larger proportion of cash in the economy is being used to service ever increasing levels of debt which means there's less available to buy more crap. So from the perspective of Intel et al it may have the impression that economies are slowing. But it's false. There comments are just a self serving exercise in "don't blame me" unsupported by publicly available facts.

    1. amanfromMars 1 Silver badge


      "So now a larger proportion of cash in the economy is being used to service ever increasing levels of debt which means there's less available to buy more crap." .... Sirius Lee Posted Monday 23rd July 2012 08:46 GMT

      Hi, Sirius Lee,

      You got that totally wrong and almost right and what needs to be said is, and it is best if you shout it, so more than just a privileged few can hear it clearly ..... SO NOW A LARGER PROPORTION OF CREDIT IN THE ECONOMY IS BEING USED TO SERVICE EVER INCREASING LEVELS OF DEBT WHICH MEANS THERE'S LESS AVAILABLE CASH TO BUY MORE CRAP ......... SO WHO'S POCKETING THE CASH AND INCREASING THEIR ELECTRONIC STASH?

  3. Dan Paul

    Politics and Business are inseparable (and insufferable)

    @Don Jefe I agree, our business is still pretty decent and expected to get better next year. However, it is becoming increasingly apparent that certain companies are deliberately holding back pending the election as they often do.

    There seems to be an increasing mindset that certain business owners will do anything to make Obama look bad; up to and including cutting off their nose to spite their own faces. The problem is that ALL of us suffer as a result.

    @Jeebus, I couldn't agree more about the AC postings...there is a reason why they are called anonymous cowards. There is NO PLACE for religious or other types of Bigotry but one must be cognizant of the fact that the Republican party is one of the most religiously bigotted political creatures there is. We are seeing the rise of NeoCon McCarthyism combined with outright libel and slander.

    Some AC's are promoting the "You didn't build your business" lie and others are countering it. Unfortunately, this lie is still being promoted by the New McCarthyites on Fox News and elsewhere.

    One thing is certain, it and the person promoting it have no place on El Reg.

    I agree with most of the comments regarding politicising the EL Reg forums except that any discussion about the economy today, will inevitably have to include the politics behind the economy.

    Let the inevitable downvotes begin.

  4. Boris S.

    You can't build a strong economy on social welfare programs

    You can't expect the U.S. to have a strong economic base with a mentality of a free lunch for many that the working class must pay for. The wealthy can bypass most taxes and the poor have no income to tax so that leaves the middle class to fund the country's operations. When you over-tax the middle class they no longer have sufficient discretionary income to support economic growth via consumption and the economy enters a downward spiral. This is economics 101 folks.

  5. Anonymous Coward
    Anonymous Coward

    Business as Usual

    I've seen some major I.T. spending being held off at my work for over 24 months. Sure there is the Healthcare law that put jitters in people spending. But I actually overheard C-Level staff state things that they did not want to invest in our I.T. until Obama was out of office. Sadly, running on 6-10 year old servers is not the wisest thing I've ever heard of. What do you mean the Financial Software is running on NT 4.0!?!?!?!?

    1. Don Jefe

      Re: Business as Usual

      The vast majority of big finance is run on a FORTRAN backbone and those 'UNIX mainframe things from IBM' with current "fun code" added on to facilitate sloppy code changes for newbie coders. New software and hardware are not required to sustain the industry. NT 4x is a pretty advanced for a lot of big companies.

      Also I'm gonna call bullshit that you are in finance and ever heard someone in senior management say something like that where a peon could overhear it. It just doesn't work that way. Either you were part of the management team (which makes you a traitor to be shot if you tell secrets you've heard) or you're just a disgruntled overpaid techie. You pick.


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