Has anyone looked at Intel financials? Also not pretty.
Here's The Other One
https://market-ticker.org/akcs-www?post=230380
"Operating income down 25%, revenue down 5%, and the reason for the "beat" (and flat EPS) instead of an all-on disaster report is a more than two thirds decrease in the tax rate.
Why did I put up the little ticker last night that was all of a couple of lines? Because I didn't have to actually analyze anything or even get out a calculator; the table is right there on the second page of the report!
This report is an all-on disaster and documents an ongoing collapse; the firm had a 5% revenue shortfall but five times that in operating income.
The "client computing group" (that's PCs, folks) saw a revenue decrease against last year approaching 40%.
That's not a decrease or a "slowdown" it's an all-on collapse!..........."
Intel Has Become The BlackBerry Of Semiconductors
http://seekingalpha.com/article/3330745-intel-has-become-the-blackberry-of-semiconductors