Raymond James Advises Caution on Intel (INTC) Stock Amid Restructuring
Intel has entered a pivotal restructuring phase under CEO Lip-Bu Tan, shifting from aggressive growth to disciplined execution. The company slashed management layers by 50% and reduced its workforce by 15% to foster agility. A revived engineering-driven culture aims to replace bureaucracy with customer-centric operations.
External support has bolstered Intel’s financial position. The U.S. government, Nvidia, and SoftBank injected capital, while divestments of Altera and Mobileye stakes yielded significant proceeds. Q3 saw net debt drop to $15.6 billion from $29.6 billion, aided by $5.7 billion in government funding and $2 billion from SoftBank. Debt repayments totaled $4.3 billion.