News Formal

Intel slashes dividend by 66% - Silicon Valley Business Journal

  • 📰 svbizjournal
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 59%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Short on cash, Intel is doing what a Wall Street analyst described as 'inevitable.'

Intel Corp.'s cash position has become difficult enough that the company is slashing its dividend by nearly two-thirds.

Cutting its dividend will give Intel the flexibility to make that investment and undertake the wider transformation CEO Pat Gelsinger has envisioned for it, it said in the press release. Gelsinger has dubbed his plan IDM — integrated device manufacturing — 2.0.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 334. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Wall Street has a higher chance of hitting earnings estimates: Jeremy SiegelJeremy Siegel says earnings estimates on Wall Street have a higher chance of being met as recession risk eases
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »