Investment Digestion
Indigestion
Intel on Thursday reported first-quarter 2021 revenue of $19.7bn, which was better than analysts expected though not enough to prevent Chipzilla's share price slipping, the stock closed down 1.77 per cent and slipped still further in after-hours trading. Analysts on average had been expecting a mere $17.5bn. That translates to …
...our product roadmap is gaining momentum...
I'm imagining a good old-fashioned paper road map all scrunched up and falling rapidly to the floor. Is that what he means?
...we’re rapidly progressing our plans...
To me, that means writing them, not actually following them, not yet. So, all of this is a paper exercise?
the industry is now challenged by a shortage of foundry capacity substrates...
What the heck is a "foundry capacity substrate"? Is that a factory?
...we will follow the strong ramp of Ice Lake with Sapphire Rapids...
Didn't he just say Data Center Group revenue fell 20 per cent? Is that a "strong ramp" in Intel-ese?
Colour me un-invested.