Page 62 - Daniel Loeb News Today

Provided by Dow Jones By Asa Fitch Intel Corp.s incoming Chief Executive Pat Gelsinger said the semiconductor giant would outsource more chip production, as it posted pandemic-fueled full-year results that also underscored the breadth of challenges the new CEO will face. Mr. Gelsinger on Thursday said Intel would have other chip companies make more of its products, even if the bulk of its new chips in the coming few years would be made in house. The shift marks a ...

6 Min Read (Reuters) - Activist hedge fund Third Point LLC is pushing Intel Corp to explore strategic alternatives, including whether it should keep chip design and production under one roof, according to a letter it sent to the company’s chairman on Tuesday that was reviewed by Reuters. FILE PHOTO: U.S. chipmaker Intel Corps logo is seen on their "smart building" in Petah Tikva, near Tel Aviv, Israel December 15, 2019. REUTERS/Amir Cohen Were it to gain traction, Third Point’s push for cha...

Dive Brief: Danone is facing pressure from Bluebell Capital Partners after the activist investor criticized the companys "disappointing" stock price and called for the board to start searching for a new CEO to replace its current chairman and chief executive, Emmanuel Faber, according to MarketWatch. In a letter sent on Nov. 19 to Michel Landel, lead independent director at Danone, Bluebell also urged the dairy giant to split its chairman and CEO roles, the business website said.  Danone, w...

Argosy Investors recently released its Q4 2020 Investor Letter, a copy of which you can download here. Full-year 2020 performance was 29.8% in select...

A Intel Corp., a groundbreaker in semiconductors, has had a series of setbacks. Once the undisputed leader in the industry, it has fallen behind its Asian competitors in making state-of-the-art chips and its stock has badly lagged rivals. Now, with the help of prodding from activist investor Daniel Loeb, it is attempting a comeback. On Wednesday, Intel announced that former Chief Technology Officer Pat Gelsinger will become its next chief executive officer, replacing Bob Swan effective nex...

Intel suggests it will wait for new CEO to make critical decisions to fix manufacturing crisis Updated Jan 15, 2021; Posted Jan 14, 2021 “We have to deliver better products to the PC ecosystem than any possible thing that a lifestyle company in Cupertino" makes, Gelsinger told employees Thursday.VMware photo Facebook Share Intel told employees Thursday it may postpone a decision on how to fix its manufacturing crisis, likely waiting for new CEO Pat Gelsinger to join the company next month ...

Intel announced that its CEO Bob Swan will be replaced by VMware CEO Pat Gelsinger next month, sending its shares up by 7% on Jan. 14.Intel (INTC) said that the leadership change, which will be effective from Feb. 15, comes as the chipmaker is going through a “critical period of transformation.” Gelsinger, who started his career at Intel when he was 18 years old, has four decades of technology and leadership experience. Most recently, Gelsinger served as the CEO of VMware since 201...

Pat Gelsinger exits as VMware CEO to run Intel Pat Gelsinger exits as VMware CEO to run Intel Intel snags VMware chief as new leader Pat Gelsinger Credit: VMware Intel has unveiled plans to bring on current VMware leader Pat Gelsinger as new CEO, replacing Bob Swan in a significant statement of market intent, effective 15 February. The move has triggered a global executive search process to name a permanent chief at VMware, with current CFO Zane Rowe assuming the positi...

Intel CEO Bob Swan will step down next month, the computer chip giant said on Wednesday, weeks after a hedge fund sent a letter demanding changes in its business.

January 14, 2021 Intel (NASDAQ: INTC) stock was a laggard among the broader semiconductor industry in 2020. That’s a real shame because semiconductors had a great year. But where does INTC stock stand now? Let’s take a look. Source: Sundry Photography / Shutterstock.com Nvidia (NASDAQ: Advanced Micro Devices (NASDAQ: AMD). And there were notifications that former partners would soon get into microchips themselves. The result is that Intel trades at under $60 per share, while ...