$Intel(INTC.US)
Context: Intel stock is trending higher and it has been shedding some of it's unwanted baggage:
1. Management layer has been reduced to 6 from 12
2. 250 vice presidents have been cut, remaining only 200
3. The workforce has been shrunk to 39,700 and compensation to attrition has fallen 89% to $161 million.
However, the foundry business is still losing billons each quarters.
My trade: I am still bullish on Intel, having confident CEO Lip-Bu Tan has the discipline to bring Intel to another level.
Takeaway: Intel foundry business will need drastic improvement in both technology breakthrough and customers onboarding$NVIDIA(NVDA.US)$Netflix(NFLX.US)
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