News Intel shareholder lawsuit dismissed — complaints stemmed from single-day $32B devaluation in 2024

[Admin]

Judge did not find enough evidence that Intel and its management did anything wrong with its financial reporting.

Intel shareholder lawsuit dismissed — complaints stemmed from single-day $32B devaluation in 2024 : Read more

 

[ThisIsMe]

That all happened because ignorant people listened to other ignorant people speak of Intel as if it is a foundry. That's like saying Apple is a software company.

 

[AkroZ]

That all happened because ignorant people listened to other ignorant people speak of Intel as if it is a foundry. That's like saying Apple is a software company.

Well, they invested due to the foundry strategy and the loss comes from the foundry. Intel have enthusiasms and needed funding but failed to land contracts (and deliver promises?).
The Intel strategy is to transform into the Foundry, they want to beat TSMC.
Intel communication has misleaded investors, but those types of investments are always risky, they just have been swayed by Intel dream which is transforming into a nightmare.

 

[thestryker]

Well, they invested due to the foundry strategy and the loss comes from the foundry. Intel have enthusiasms and needed funding but failed to land contracts (and deliver promises?).

I find it extremely ironic how many people don't seem to grasp what was going on and what was said. Intel said that they weren't going to have a node ready for external customers until 18A. Intel 18A is the last node on Gelsinger's 5N4Y plan which would have ended in 2025.

Intel communication has misleaded investors, but those types of investments are always risky, they just have been swayed by Intel dream which is transforming into a nightmare.

Except it didn't as that's what this case was exactly about and the plaintiffs couldn't prove with what evidence they had.

 

[TerryLaze]

Well, they invested due to the foundry strategy and the loss comes from the foundry.

No they did not, nobody in their right mind would do that, you would wait until just before all FABs are ready and invest when stocks are low and about to increase due to the FABs starting production.

They invested because somebody told them to and they lost money because somebody didn't explain to them what's going on.
Intel themselves came out before they started and told people that they will be spending a lot of money on fabs and they won't be making a lot of money back during that time, so all investors that where only in it for the quick buck should have known to pull out before the stock crashed.
Well somebody didn't tell these people and that made them mad.