First and foremost, dont buy Intel stock. This doesnt help, but I long considered Intel as a company that doesnt know what they are doing. Here is why:
I owned Intel back in 2010 when they bought McAfee for 7.8 billion. They said the future of CPU's and chip tech was embedding security on the chip. the real answer was mobile and gpus.
Not only did I immediately know this was a horrendous deal, it clearly showed that the CEO and management had no clue on their own market's desires and direction. At the time, I was hoping they were going to buy Nvidia, it would have been a larger target to digest at 10 bil, but doable by Intel at the time.
The MacAfee purchase turned out to be one of the worst large cooperate purchases in history. Had they invested the 7.8 billion $ blindly into an sp500 index fund, their investment would be worth ~19-20 billion.
I owned Intel back in 2010 when they bought McAfee for 7.8 billion. They said the future of CPU's and chip tech was embedding security on the chip. the real answer was mobile and gpus.
Not only did I immediately know this was a horrendous deal, it clearly showed that the CEO and management had no clue on their own market's desires and direction. At the time, I was hoping they were going to buy Nvidia, it would have been a larger target to digest at 10 bil, but doable by Intel at the time.
The MacAfee purchase turned out to be one of the worst large cooperate purchases in history. Had they invested the 7.8 billion $ blindly into an sp500 index fund, their investment would be worth ~19-20 billion.