Let us not pretend that Intel had very high moral standards. I have worked at both of them and they are exactly the same. Politics, back stabbing, mediocrity etc were pretty much a common norm. One fundamental difference between two companies is the mentality.
Qualcomm i saw operated with a under-dog mentality - product schedules and road maps keep shrinking since they accept pretty much every customer demand. This is the mentality which helps them keep churning out products at a steady pace because the whole company has grown to accept that this is their life style.
Intel i saw always operated with a market leader mentality - product schedules and road maps where written at the whims and fancies of someone in the marketing group. People are used to it and now they are surprised that things being asked well ahead of the delivery date. This is a problem for Murthy, since he is used to getting his way with adjusting deadline and time to market. His only priority is managing customer expectation and growing the business. He will chop the company to pieces if it doesn't grow beyond a certain point.