I worked at Intel during the AG days, and by far the most noticeable change is the larger number of non-profitable activities Intel is engaged in. 130,000 people is just too many for the products they sell and the revenue they generate.

If they had 70,000 employees, their revenue and profits would look great. The question they have to answer is can they do that revenue with 70,000 people, not 130,000.

Maybe 'BK' was kind of a warning (finance people say 'BK' as shorthand for bankrupt). But he wasn't the only bad CEO they had. Swan wasn't even from the semiconductor industry. Otellini told Jobs 'no' when Apple came inquiring about Intel fabing an ARM chip for their new iPhone thingy. It's been a series for rolling disasters since the early aughts, really.