An Intel Turnaround Will Take Years

Walk me through the bull case for INTC 0.00%↑ . New CEO Lip-Bu Tan will need to completely change Intel’s culture if INTC is to have any chance at producing top quality chips and software.

• A sweeping culture change will take several years at a minimum. That said, a comprehensive culture change is no guarantee that Intel will produce competitive offerings.

• Reducing OpEx is the easy part. Yet, cutting heads to grow EPS won’t produce best-in-class products.

• The best people have to want to work at Intel to produce the best products. That means working from the office, long hours and long weeks in support of a mission focused on producing the best performing chips. Any other pursuit would be a waste of time and capital.

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