Asa Fitch

So every time that society's advanced, the answer has been, we need some more chips for that.

So every time that society's advanced, the answer has been, we need some more chips for that.

So every time that society's advanced, the answer has been, we need some more chips for that.

Intel's been in the Dow for 25 years. What a knock for Intel.

Intel's been in the Dow for 25 years. What a knock for Intel.

Intel's been in the Dow for 25 years. What a knock for Intel.

It's a long story. You could argue it's a tale of hubris, of excessive confidence. It's a tale of rigidity and a lack of flexibility that often large corporations have to contend with.

It's a long story. You could argue it's a tale of hubris, of excessive confidence. It's a tale of rigidity and a lack of flexibility that often large corporations have to contend with.

It's a long story. You could argue it's a tale of hubris, of excessive confidence. It's a tale of rigidity and a lack of flexibility that often large corporations have to contend with.

The company became this dominant force with the rise of the personal computer. Everybody needed a computer in their house. Eventually, laptops came along as well. Most of them, almost all of them, had Intel chips inside of them.

The company became this dominant force with the rise of the personal computer. Everybody needed a computer in their house. Eventually, laptops came along as well. Most of them, almost all of them, had Intel chips inside of them.

The company became this dominant force with the rise of the personal computer. Everybody needed a computer in their house. Eventually, laptops came along as well. Most of them, almost all of them, had Intel chips inside of them.

There was that famous marketing campaign, of course, Intel Inside.

There was that famous marketing campaign, of course, Intel Inside.

There was that famous marketing campaign, of course, Intel Inside.

Right, exactly. And, you know, it was a bonanza for a long time.

Right, exactly. And, you know, it was a bonanza for a long time.

Right, exactly. And, you know, it was a bonanza for a long time.

If you're a dominant player and you're just raking in the money... it's a little bit easier to not be serious about shaking things up. And it goes to the sort of the quote-unquote innovator's dilemma, essentially, where a company becomes a powerful player in one area and then struggles to dominate or make a name for itself in another area.

If you're a dominant player and you're just raking in the money... it's a little bit easier to not be serious about shaking things up. And it goes to the sort of the quote-unquote innovator's dilemma, essentially, where a company becomes a powerful player in one area and then struggles to dominate or make a name for itself in another area.