Intel. US DoD & AWS Deals Are Distractions While The Head Remains Firmly In The Sand
the latest moves from Intel will do nothing to address the issues at the heart of the company...
Intel yesterday issued three press releases in quick succession. The first related to an award of up to $3 billion by the US government, details here.
The second detailed an “expanded strategic cooperation” with AWS, details here. The third was an open letter to Intel employees and was basically a passdown on what occurred at last week’s board meeting, details here.
The first press release saw Intel’s share price over 6% during afternoon trading. The second two, coming just after market close, saw Intel gain a further ~8% in after hours trading.
What exactly was it about these three press releases that garnered such a positive response from the markets? Let’s dig in…
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