INTC: Otellini’s Departure Comes Amidst Mobile Failure, Samsung Challenge, Say Longbow, Piper
Shares of Intel (INTC) are up 3 nets at $20.22 after the company this morning announced that chief executive Paul Otellini will step down in May and the board is seeking his replacement. The stock was briefly halted in pre-market trading and shares dipped slightly at the open but have recovered from those earlier losses. [...]
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