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Intel is a Victim of its Own Arrogance
They thought they were unstoppable
The result is that Intel’s stock is down 31% over the last month with over $30 billion in market cap wiped out in a single day last week. With the FTC recently invalidating non-competes, I can only imagine a lot of brilliant workers will be jumping ship to competitors seeing as how their stock option packages are dwindling in value. Ever since then, my eyes have been opened to Intel’s myopia to small, incremental increases in speed that meant the company basically didn’t innovate for 10-15 years.
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