If there were a trifecta for terrible earnings reports, Intel (NASDAQ: INTC) would have just won it.

The blue chip tech stock missed estimates in its second-quarter earnings report, offered guidance below expectations, eliminated its dividend, and announced a round of layoffs and cost cuts.

Any of those news items on its own would have been enough to send the stock spiraling, but all four at once show a company in utter disarray, one that can't meet its own forecasts, maintain cash flow to return to investors, or allocate internal resources effectively.

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Source Fool.com