https://finance.yahoo.com/news/intel-initiates-10-billion-accelerated-213100409.html
Intel Corporation today announced it is entering into accelerated share repurchase (ASR) agreements to repurchase an aggregate of $10 billion of Intel’s common stock. Following completion of these agreements, Intel will have repurchased a total of approximately $17.6 billion in shares as part of the planned $20 billion share repurchases announced in October 2019.
"We achieved record financial results in the first half of 2020 and raised our full-year outlook as customers rely on Intel technology for delivering critical services and enabling people to work, learn and stay connected. As the ongoing growth of data fuels demand for Intel products to process, move and store, we are confident in our multiyear plan to deliver leadership products," said Intel CEO Bob Swan. "While the macro-economic environment remains uncertain, Intel shares are currently trading well below our intrinsic valuation, and we believe these repurchases are prudent at this time."
I told everyone to buy Intel because it was cheap, but it was met with disdain.
Premarket shows +3.5% and we could go up to +5%
This is well before Tiger Lake launch in early September, that is proposed with BIG announcements
See my previous threads on buying Intel
https://www.reddit.com/r/investing/comments/i7nva3/amd_is_not_half_an_intel/
Even with +3.5 - 5% pump, intel is still cheap.
Submitted August 19, 2020 at 11:20PM by automax https://ift.tt/3aIklDP
