Many investors and analysts see nothing but trouble for Intel (NASDAQ: INTC) right now. The semiconductor giant reported disappointing fourth-quarter results across the board and set up weak guidance targets for the next quarter. Chipzilla looks deeply flawed, maybe even broken. From the most bearish analyst to Wall Street's biggest Intel bull, every financial firm lowered their price targets on the stock in unison.

I don't agree with the doom-and-gloom conclusions people are drawing from Intel's latest report. Instead, I see a company facing macroeconomic headwinds at an unfortunate time, under a management team with a straightforward, reasonable plan of action to tackle this perfect storm of complications.

Intel CEO Pat Gelsinger made this plan perfectly clear on the earnings call. This brief passage gets straight to the point:

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Source Fool.com