Monday, October 24, 2005
Anyway, today my old study group got together for our second reunion breakfast. After talking about our wives, how much we drank at the tailgate this last weekend, and other standard conversation we finally got around to the inevitable topic of 2nd year conversations: how EC classes are going. I think the reason this comes about is because inevitably people are disappointed in their classes. The reasons are numerous, but I think I really distilled the issue down to its essence in one simple comment:
Anyway, after that I went on to my next class where we had Andy Bryant, the CFO from Intel, in class visiting. Our homework had been to create 3 slides on Intel’s biggest problems as if we were presenting to the Intel board (instead of just 2 of them, our professor and guest). Anyway, I think that Intel’s biggest problem is that their core business, which is all they have been able to do profitably, is growing slower. That isn’t really a problem, except that management doesn’t accept slower growth and is fighting it tooth and nail with their billions in free cash flow. I told them to be happy with their 10% PC market growth and give cash back to shareholders…not exactly what they wanted to hear. Fun discussion, though.