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(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 Corp s 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 changes could lead to a major shakeup at Intel, which has been slow to respond to investor calls to outsource more of its manufacturing capacity. It could also lead to the unwinding of some of its acquisitions, such as the $16.7 billion purchase of programmable chip maker Altera in 2015.
Todd Gloria Says He’s ‘the Son of a Maid and a Gardener’, But Critics Question Accuracy
(Pictured above, Todd Gloria with his parents, Phil and Linda Gloria, and his partner, Adam Smith, on March 3, 2020, at Registrar of Voters. Photo credit John Gibbins / The San Diego Union-Tribune)
Investigative Reporter
State Assemblyman and candidate for Mayor of San Diego Todd Gloria has consistently told voters that he’s become a successful community leader having been raised as
“the son of a maid and a gardener” as a way to demonstrate that he’s not part of the elite political establishment, but that narrative is now being challenged after he admitted his “mom and dad were a maid and a gardener in the 1970s” before he was born and his dad has been an aerospace industry executive for most of Todd’s lifetime.
Top Industrial Stocks to Buy for 2021 TheStreet 3/8/2021
Want to know what s tough? I mean, really tough? Industrials.
This sector is hard to crack. So is the question of how exposed I want to be to the group going into 2021. I mean, there really is a lot of diversification just within the sector.
And, no, I m not only talking about the Dow Jones Industrial Average, which is up just about 5% for 2020, badly underperforming the S&P 500, and the Dow Transports while not even belonging on the same playing field as the tech-heavy Nasdaq Composite and Nasdaq 100. I m going to start here by looking at the diversified industrials.
Lucintel Anticipates That Asia Pacific will be the Fastest Growing Region in the Smart Office Market saltlakecitysun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from saltlakecitysun.com Daily Mail and Mail on Sunday newspapers.