Re:Intel to buy smart urban transit startup Moovit for $1B f...
by jeffbee on Sunday May 03, 2020 @04:59PM
(#23061811)
Yeah Intel really has their back against that wall, after all they are one of the most highly capitalized businesses in human history, just recorded their largest annual revenue in the history of the firm, and earn a profit of only about $80000 per minute. Pure desperation down there in Santa Clara.
[ Parent
| on HN ]
Re:Intel to buy smart urban transit startup Moovit for $1B f...
by eldavido on Sunday May 03, 2020 @05:41PM
(#23062073)
Financial results are always a lagging indicator in tech. That doesn't mean they aren't important, just that you can coast on an existing product line for a really long time (decade+) and then everyone's "surprised" when unit sales decline, and there's nothing else in the pipeline.
An example of this: Sears. Dominant retailer, completely missed the boat on ecommerce, now bankrupt. Literally.
Re:Intel to buy smart urban transit startup Moovit for $1B f...
by bluGill on Sunday May 03, 2020 @06:12PM
(#23062285)
Sears missed the boat on ecomerce, but that isn't why they are gone. Walmart missed the boat too at first, but they are still big because their manageme was good. They also have adjusted overtime such that now my family does most of our shopping there (once this pandemic is done I'm looking forward to going back to the local stores I used to go to.)