Around the time Intel announced the "retirement" of CEO Paul Otellini, I challenged the company in Intel CEO Out: It's About Time and Intel Will Die If It Doesn't Think and Act Differently:
Intel needs a visionary CEO, not a chip geek, to come in, put the kibosh on hobbies that will likely go nowhere and reposition the company as a powerhouse. You're simply not going to find that person via the run-of-the-mill look at internal candidates, interview-the-names-the-media-spits-out process.
Intel executives didn't take kindly to my critique.They "reached out," but told me nothing. All they offered were cryptic comments cloaked in don't count us out, we've got some stuff planned rhetoric. I never heard from Intel again, even though I was promised follow-up. That's typical of so many companies. Call and yell at a pest, the pest stands up to you and the "conversation" ends. (I told the Intel rep that we wouldn't be having this conversation if Intel didn't miss mobile five years ago and its chips powered smartphones like they do PCs and Macs). That approach -- typical of large corporations -- does a disservice to investors. That's how Netflix (NFLX) rolls for example. They never let anybody in. They guard the castle and turn the dissemination of information into a game of who can get a "source" to leak something they're not authorized to leak. Every piece of Netflix information I have ever received came to me because somebody said something they weren't supposed to say. That's bad investor, public and media relations. On the other hand, some companies get a guy like me on the phone and say, Listen, here's the deal. You're actually onto something. I have talked with executives from multiple companies in the last few months who tell me I'm spot on (or close to it) in my criticism and here's how we're moving forward to address the situation. Out of respect for these executives, I won't name names; just search my article history. Intel gives investors the shaft by leaving them in the dark. If it was not for an excellent Janko Roettgers' article at gigaom, we would have no idea what Intel is really up to. That they, apparently, fall more in line with my thinking than not. I was on to something. So why didn't Intel just tell me that? Why does Roettgers' have to dig for the good stuff? Why are off-the-record, unnamed sources and buried YouTube videos providing the type of gold Intel should aggressively promote to investors?
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV