Feb 18 - Intel (INTC, Financial) jumped more than 10% on Tuesday morning after new reports revealed that the chipmaker is under fresh acquisition talks. Sources indicate that Broadcom (AVGO, Financial) and Taiwan Semiconductor Manufacturing Company (TSM, Financial) are in the early stages of evaluating bids that could split Intel’s core businesses. Broadcom appears interested in Intel’s chip design division, while TSM eyes the manufacturing segment, although retooling Intel’s factories to meet TSM’s production methods could prove costly.
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What do you think it will mean to INTC, for those of us who own it? Spot
Sell on the news. Corporate asset stripping rarely benefits workers or shareholders. It only leads to excessive Executive compensation and fat Private Equity fees.
Just look at Mitt Romney’s record.
intercst
Not much ten years from now. Just a hold.