New Intel CEO Bob Swan takes a humble tone in a meeting with investors after a huge earnings shortfall: ‘We let you down’

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

At Bob Swan's first shareholder meeting as Intel CEO, he took a humble tone, saying that the company fell short of expectations.

Despite Swan's comments, Intel shares slipped after hours on Wednesday. Wedbush analyst Joel Kulina pointed to Intel's projection of low-single digit percentage growth in the next three years as a possible reason why.

Analyst Patrick Moorhead of Moor Insights and Strategy said the Intel CEO's show of humility was not surprising, given Swan's past role as the chipmaker's chief financial officer.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines