great to get your take on a day like today what does bob swann need to do to help his company find his way. >> taking a step back, i want to hit on what guy was talking about, i do think the asp is a big problem. notebooks down 10% and data center, which is key and is the profit center for the company was down 14% part of that was an enterprise in government was down 40% year on year. but data is what investors are excited about. whether it's 5g, artificial intelligence, machine learning they were down 10% year on year. i think it will be 25% down year year on year in the december quarter. i think bob needs to right the ship and give a strategic direction of this company. >> manufacturing was a huge issue last quarter and it looks like it will be a huge issue this quarter bob swann was quoted as still having problems on the yield issue. standard bear when it came to manufacturing and this process and here it is now would it be good or bad if intel outsourced that for good >> at this point i don't think there will be a choice for them given the process. they are progressing down and bel

he made the distinction between someone leading the company like bob swann versus an engineer like lisau who has been executing and executing over the last few years and, you know, when she spoke you to this morning, she really talked about how she's earned this deal. i know david asked her if this is going to be a distraction she said, listen, i've been executing all this time. the results are in what i have shown new terms of performance over the last few years. >> yeah. it's true. and, jim, you know, john has been very forward in saying he was skeptical of the deal. we've had guests on in the last week or two saying that this particular matchup might not have been the one you would have create philadelph created if you chose the two players. to your point about market cap and the past year, lisa su made a habit out of repeatedly proving people wrong so streets got an open mind. >> yeah. and the street should have an open mind. i think investors should be skeptical. that should be your job if you're looking at things like this especially the big acquisitions which very often do not wo

reporting a 7% drop in its sales in its data center, which makes up a third of its total revenue bob swann discussed this on cnbc earlier today. >> the enterprise business was pretty soft. so let me put the data center performance into context for the year the data center group is up 23% year to date and the operating income is up almost 26% so the data center business itself is having a fantastic year the implications are the first half as we expected was much stronger and we anticipated a softer second half >> all right major competitor advancedmic micro higher today let's bring in your trading nation team. you just saw her, nancy tengler, we didn't mean for her to go away craig johnson of piper sandler let's begin with you, nancy, because you're in my screen right there. you are an owner of intel and i'm remembering the grand funk railroad song "mean mistreater." it's been a mean mistreater to you for a while. >> how the mighty have fallen, tyler. this is what happens when you try to turn the queen mary had two bad quarters, there's likely to be another one i think for me the most troub

the ceo was on the network within the last hour, bob swann, was unable in any way, shape or for to turn the stock performance around what are you doing with your intel position, jim? i and i know our viewers want to know >> i'm selling it kind of breaks my heart but let's talk about this, okay. operational management is the issue here and i'm sorry, i don't like to take a shot at mr. swann but first the ten nanometer production was delayed but the killer today is the gross margins. you've got sales really quite high gross margins are primarily and almost solely under management control. so that's three strikes and you're out i'm sure somebody would say, well, jimmy, you should have done this three months ago this has been a seven-year investment it's beat the s&p 500 so i was willing to give them rope with which to hang themselves and it really breaks my heart but they have hung themselves it just too hard there's other easier way to make money going forward from here than intel >> it's been such an underperformer relative to the s&p on so many different metrics that you want to look at