Intel losses hit $16.6B in Q3 and Wall Street is … loving it? Intel posted a $16.6 billion loss in the third quarter – the largest in the silicon veteran's history – as it booked more than $18 billion in restructuring and impairment related charges. While the loss was obviously not what Intel wanted, revenues for the quarter came in at the upper end of forecasts at $13.3 billion – up …
I have no idea what ‘
‘The largest of the losses were instead driven by the decision to write off $9.9 billion worth of deferred tax assets accumulated over the past three years of losses, CFO David Zinsner explained.’
Means ….Sounds like a load of incompetency and misconduct rolled up into a huge shit breakfast sandwich.
What I want to know is why you run a company into the ground and you get to write off your mismanagment against your taxes?
Maybe it's time to go to a straight 10% across the board coporate tax and lose all these loopholes to tax writeoffs. You fuck up your company and you get to pay for it. The real tax payers are getting sick and tired of this shit.
this week El Fruity announced the M4 powered Mac's that according to early benchmarks are beasts even when crunching AI models.
How much longer can Intel (and AMD ride the X86 bandwagon)
It would be interesting to see what the performance is like if it was runnning native code and not X86 emulations in microcode.
The fact of the matter is, was and will always be, no matter how good Apple hardware may or may not be at any given point in time, you are totally dependent on the Apple walled garden when you use their gear for anything. And to be blunt, when it comes to workstations and server, Macs can't compete with Threadripper, Epycs and Xeons. With CXL coming online, the memory situation will be getting even more lopsided and DPUs like Pensando will make the gulf even more extreme in terms of what you can bring to bear in terms of resources for Intel/AMD and Mac hardware. You can just plug in a few new GPUs in your Mac Pro, right? Unless of course Apple has a sudden and unexpected change of heart and allows anything to be plugged into those PCIe slots, but I wouldn't hold my breath.
A lot of companies are sitting on losses that they can defer almost indefinitely. But if you're going to have a loss anyway, you may as well get rid of that stuff all at once. That way you have one bad period, but all the skeletons in the closet are gone and won't haunt you in the future.
As I was told as a beginning musician, If you make a mistake, make it loud and people will think it belongs. Similar concept; and then I can say I'll do better next time.
The biggest one is foundry, and It appears that foundry has been downsized, maybe even gutted, but not really spun-off. Neither keeping it at the previous level of investment nor gutting it is economically viable. There are good reasons for the US economy as whole to not gut it and keep it investing in R&D as a kind of insurance. That would be Uncle Sam's responsibility, but we all know its not very efficient - however that is all there is. So I would suggest actual separation of the foundry business.
A deferred tax asset (I think!) is when you pay taxes up front on something (like, say, stock options) that turn out to be worth less when you sell them. Your actual tax owed is less than what you already paid.
They don’t give you your money back. Instead you get to carry that on your books to cancel out part of the future tax you owe, over multiple years.
Eventually, if you haven’t owed any tax because you’ve been losing money consistently, you lose the ability to claim it back. Hence the write-down.
I am happy to be corrected if this is wrong.
The Register 
Biting the hand that feeds IT
Copyright. All rights reserved © 1998–2024
