On Thursday, Intel announced the layoff of 15,000 workers. It's quarterly report was "dissappointing." Intel revenue is not growing anywhere near what the company needs or projected. "We must fundamentally change the way we operate," said Gelsinger, the company's CEO. The company needs to cut $10 Billion (with a "B") from its bottom line just to make the quarter rational. Instead of a profit, the company posted a $1.6 Billion (yep) dollar loss. The company plans to simplify its portfolio and suspend its stock dividend. I'm sure that will have the stockholders flocking to buy Intel. Those of us who have watched the company cede markets that were once its bread and butter are not surprised.

Is it cooked? Well, its big and big things are usually hard to kill. But, it has happened before.