Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 55.38

-1.2%

Jan 14 4:00 PM EST

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To: Bonefish who wrote (202232)	1/17/2025 2:33:22 PM
From: Augustus Gloop	Read Replies (1) of 207802

2:15 PM EST, January 17, 2025 (Benzinga Newswire) Intel Corp (NASDAQ: INTC) stock gained Friday on reports claiming that the struggling chipmaker is an acquisition target. The stock has plunged 54% in the last 12 months. Charlie Demerjian of SemiAccurate claimed an email about a resourceful company trying to acquire Intel wholly. However, the report did not disclose the name of the acquirer or the purchase consideration for Intel. Reportedly, CFO Dave Zinsner had acknowledged the possibility of selling Intel’s factory and product development divisions. Zinsner and Michelle Johnston Holthaus became Intel’s interim co-CEO after the company fired veteran chief Pat Gelsinger as his turnaround efforts failed to impress the board.

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