Understanding Intel's Foundry Situation

maybefalse I have been long Intel Corporation (NASDAQ:INTC) stock for a few years, and was a bit surprised by the reaction of the stock price on the recent news where Intel broke down the losses on their foundry business. Intel announced their foundry lost $7 Billion dollars last year, and will lose more this year. While it certainly has some meaning, some of it is also how Intel uses their accounting, and it just means their other divisions are much more profitable. It is not damning for the company; w ...