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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: George Statham who wrote (21587)	12/2/2024 11:17:08 AM
From: Kirk ©	1 Recommendation Recommended By Return to Sender Read Replies (1) \| Respond to of 26458

Pat Gelsinger out at Intel and male and female co-ceos with experience in money management, not engineering are in charge until they find a new CEO... New new board president has a BS in econ from Berkeley... should we worry now? linkedin.com Intel Announces (forced?) Retirement of CEO Pat Gelsinger David Zinsner and Michelle Johnston Holthaus named interim Co-CEOs. Holthaus also appointed to the newly created position of CEO of Intel Products. Frank Yeary named interim executive chair. SANTA CLARA, Calif., Dec. 2, 2024 – Intel Corporation (NASDAQ: INTC) today announced that CEO Pat Gelsinger retired from the company after a distinguished 40-plus-year career and has stepped down from the board of directors, effective Dec. 1, 2024. Intel has named two senior leaders, David Zinsner and Michelle (MJ) Johnston Holthaus, as interim co-chief executive officers while the board of directors conducts a search for a new CEO. Zinsner is executive vice president and chief financial officer, and Holthaus has been appointed to the newly created position of CEO of Intel Products, a group that encompasses the company’s Client Computing Group (CCG), Data Center and AI Group (DCAI) and Network and Edge Group (NEX). Frank Yeary, independent chair of the board of Intel, will become interim executive chair during the period of transition. Intel Foundry leadership structure remains unchanged. The board has formed a search committee and will work diligently and expeditiously to find a permanent successor to Gelsinger. Yeary said, “On behalf of the board, I want to thank Pat for his many years of service and dedication to Intel across a long career in technology leadership. Pat spent his formative years at Intel, then returned at a critical time for the company in 2021. As a leader, Pat helped launch and revitalize process manufacturing by investing in state-of-the-art semiconductor manufacturing, while working tirelessly to drive innovation throughout the company.” Yeary continued, “While we have made significant progress in regaining manufacturing competitiveness and building the capabilities to be a world-class foundry, we know that we have much more work to do at the company and are committed to restoring investor confidence. As a board, we know first and foremost that we must put our product group at the center of all we do. Our customers demand this from us, and we will deliver for them. With MJ’s permanent elevation to CEO of Intel Products along with her interim co-CEO role of Intel, we are ensuring the product group will have the resources needed to deliver for our customers. Ultimately, returning to process leadership is central to product leadership, and we will remain focused on that mission while driving greater efficiency and improved profitability.” Yeary concluded, “With Dave and MJ’s leadership, we will continue to act with urgency on our priorities: simplifying and strengthening our product portfolio and advancing our manufacturing and foundry capabilities while optimizing our operating expenses and capital. We are working to create a leaner, simpler, more agile Intel.” Gelsinger said, “Leading Intel has been the honor of my lifetime – this group of people is among the best and the brightest in the business, and I’m honored to call each and every one a colleague. Today is, of course, bittersweet as this company has been my life for the bulk of my working career. I can look back with pride at all that we have accomplished together. It has been a challenging year for all of us as we have made tough but necessary decisions to position Intel for the current market dynamics. I am forever grateful for the many colleagues around the world who I have worked with as part of the Intel family.” Throughout Gelsinger’s tenure at Intel across a variety of roles, he has driven significant innovation and advanced not only the business but the broader global technology industry. A highly respected leader and skilled technologist, he has played an instrumental role in focusing on innovation while also creating a sense of urgency throughout the organization. Gelsinger began his career in 1979 at Intel, growing at the company to eventually become its first chief technology officer. Zinsner and Holthaus said, “We are grateful for Pat’s commitment to Intel over these many years as well as his leadership. We will redouble our commitment to Intel Products and meeting customer needs. With our product and process leadership progressing, we will be focused on driving returns on foundry investments.” Zinsner has more than 25 years of financial and operational experience in semiconductors, manufacturing and the technology industry. He joined Intel in January 2022 from Micron Technology Inc., where he was executive vice president and CFO. Zinsner served in a variety of other leadership roles earlier in his career, including president and chief operating officer at Affirmed Networks and senior vice president of finance and CFO at Analog Devices. Holthaus is a proven general manager and leader who began her career with Intel nearly three decades ago. Prior to being named CEO of Intel Products, she was executive vice president and general manager of CCG. Holthaus has held a variety of management and leadership roles at Intel, including chief revenue officer and general manager of the Sales and Marketing Group, and lead of global CCG sales. Forward-Looking Statements... intel.com This release contains forward-looking statements that

To: George Statham who wrote (21587)	12/5/2024 9:23:04 AM
From: Kirk ©	Read Replies (1) \| Respond to of 26458

Will the rest of the world, with much better valuation, ever catch the US? Being globally diverse with my core portfolios has hurt performance relative to just owning US large cap. Of course, these go in streaks where owning REITS really helped performance when they crushed the S&P 500 for maybe 20 years. From Stocktwits email STOCKS A Fresh Breakout For Tech Stocks The S&P 500 hit its 56th record high this year, with the U.S. stock market ballooning to 63% of global market cap. That’s up from 60.5% this year, and the next biggest market is Japan…at 5.6%. Needless to say, U.S. stocks are the global leader in risk assets right now. Part of the driving force behind that is the U.S. tech sector, which is the largest weighting in the major indexes and the best performer by far since the great financial crisis. And low and behold, the sector is breaking out again to all-time highs. Below is a roughly one-year chart showing the sector ETF $XLK’s clean breakout above its July highs, as strength in stocks like Apple continues to lead. Source: TradingView.com In addition to owning the leaders, traders and investors are targeting stocks like Square, which are just beginning to participate in the bull market of the last two years. Improving business fundamentals is one factor. However, many of these are catching a bid simply because fund managers are running out of “attractive” things to buy at current levels. Source; TradingView.com It seems like the bull case can be made for just about any stock or risk asset these days, as investors expect the Trump administration’s pro-business push and continued economic strength in the U.S. to drive prices even higher. Time will tell, but for now, the bulls just keep on buying.