Meanwhile, and in future...
...on both sides of the Atlantic, consumers who have to suffer Intel's shitty products will get no redress whatsoever.
An Intel stockholder filed a class-action lawsuit yesterday accusing the chipmaker of artificially inflating its stock prices by omitting to tell anyone about the Spectre and Meltdown flaws in its products. The complaint, brought by Intel shareholder Elvis Alvira, pits investors who acquired Chipzilla's shares between July 27 …
The CEO's stock sell off only looks bad if you equate Meltdown to the stock sales.
He was probably selling off stock because of the general state of Intel's product lifecycle (i.e. desperately in need of a volume 10nm product that has been pushed out around 18-24 months already) and is rumoured to still have serious issues. Add in competition from AMD and struggling to keep up with Moores law and Meltdown is just the latest problem in 2017.
About time to ditch Moore's law. It was invented by Intel and used as a stick to beat the competition into submission but it is trumped by Scotty's law "Ya cannae break the laws of physics Jim".
It's not a law, rather an observation of past performance. I could come up with a law that states the Dow-Jones must rise by 10% every 3 years but it wouldn't make it happen forever, nor should it be a goal.
Save some small change for a handful of (very rich) investors, or protect millions of people from being worked over while a fix is being found.
For just this once, I think Intel was right.
However, they were total arseholes when the facts came out and they tried to pretend everyone was in the same boat.
Unless it is shown that their latest CPU released AFTER they got told about the fault but BEFORE this was public knowledge can be easily fixed at no cost and that a relase instead of a delay was not of consequence to the consumer, there will be balls and ovaries hanging off perches.
"For just this once, I think Intel was right." Wrong
Intel were not right nor should that have had a right to do it.
I don't like lawyers but sadly they are the only tool availible to make intel and their investors understand how badly they have fked up.
The rest of us won't see a penny but perhaps once intel's carcass has had time to cool then some scavengers can offer the best of intel's work without the vulnerabilities the world have had to put up with for decades. This because frankly it must be clear by now to everyone that intel cannot be trusted
Have you seen the share price graph for the last 5 years. The price movement from this little problem just seems to ave caused the normal noise in the share price. In fact its higher than it was 3 months ago and 1 year ago. It also appears that the market may also be starting to shrug off any recent drops. The most likely causes for the shares to drop will be in shareholders having class action lawsuits against the company.
"The most likely causes for the shares to drop will be in shareholders having class action lawsuits against the company"
Given that the shareholders are the company what we have here is shareholders suing themselves - at least in part. What they're trying to do is take money from their fellow shareholders. It's always seemed to me an extremely dubious proposition. In this particular case things would have been a lot worse if the fault had been disclosed before mitigations were ready for release and there had been several weeks of exploitation in the wild. It's likely that not disclosing earlier has protected the share price.
MELTDOWN: Ability to read kernel memory (or any other memory mapped into the virtual address space of the process) - Easy to do. Fixable at the cost of slowing down the machine. If you can read the kernel memory, you will probably find interesting stuff in there if you know where to look.
More problems may surface as people are now looking closer at the whole side-channel-via-cache mess.
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