INTC: Otellini’s Departure Comes Amidst Mobile Failure, Samsung Challenge, Say Longbow, Piper
Posted on November 19, 2012 at 10:59 AM EST
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. [...]