Intel: Examining The Track Records Of The New CEOs In Consideration (Archive)

This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.

Elevator Pitch

• The ousting of Patrick Gelsinger as CEO is my opinion an admission of a failed turnaround strategy with Intel missing the AI bet and losing market share in the traditional CPU business.
• Prospective new CEO Lip-Bu Tan has a stellar track record at Cadence Design and intimate knowledge of Intel, with a clear idea of what different things ought to be done.
• Matt Murphy's successful turnaround at Marvell also makes him a candidate for Intel's CEO position, but he is committed to Marvell, making his Intel appointment unlikely.
• Lip-Bu Tan is my base case for most likely CEO. I expect his appointment to lead to operating margin improvement driven by cuts to bloated middle management personnel at Intel.
• I expect the new CEO's compensation to be generous, potentially exceeding Gelsinger's 2021 package.

Read the full article here.