Intel May Have Just ‘Burned’ $15 Billion On Mobileye

Intel Corporation INTC 0.31% caught the world off-guard when it announced a $15.3 billion buyout of Mobileye NV MBLY 0.12%. For Intel investors attempting to determine how good of a deal the company got on its acquisition, Global Equities Research analyst Trip Chowdhry has some bad news.

“We think INTC’s CEO is completely clueless and probably is about to set the world record of burning $15 billion of shareholders money in microseconds,” Chowdhry explained bluntly.

He believes the future of autonomous driving hinges on 3D sensor fusion and machine learning. Chowry sees Mobileye’s camera-focused technology as expendable and when it comes to advancing autonomous driving.

“Basically, INTC has now inherited MBLY’s problems, and we don’t think INTC has the capability to fix MBLY issues,” he adds.

Chowdhry points out that the Mobileye acquisition isn’t the first time Intel has made a questionable buyout in recent years. He mentions Windriver Systems (2009), McAfee (2010) and Basis (2014) as three recent Intel takeovers that flopped.

Chowdhry believes…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common SenseI don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!