Why this strategist says Intel is doing ‘a root’

Although Intel Corporation (Intc) reported results in the fourth quarter that beat Wall Street expectations on both the top and lower line, the report could not impress some investors.

Epistrophy Capital Research Manager Market strategist Cory Johnson and head of citizens JMP Mark Lehmann joins Julie Hyman at Market Dominance Overtime To weigh on the results and share their prospects for the company.

Johnson claims Intel continues to “make a mess”, saying, “this is not a good pressure.”

While he recognizes that certain areas of the company show step -by -step improvement, he notes: “This company is not what it used to be, and it is not honored by startups and by the companies that do groundbreaking things in Silicon Valley”

He emphasizes that although we are in a new era of technology, Intel may “pile out” and need a strong strategy from his next CEO to turn things around.

Lehmann points out that “it is really difficult for tech companies to reinvent themselves,” emphasizes that Intel must target high-growth markets and be “relentless” in identifying these opportunities.

“This is not a new epiphany that this company falls behind,” says Lehmann. “It has been going slowly … and it has happened for a long time.”

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This post was written by Angel Smith