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Intel Stock Is Rising Again as Wall Street Praises Change in CEOs

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Investors should take note when a group of financial analysts who often obsess over arcane matters such as changes of hundredths of a percentage point in gross margins make alterations to their stock estimates after a change in leadership.
That’s what has happened Thursday, after Intel said CEO Bob Swan would be succeeded by VMware CEO Pat Gelsinger, an Intel alumnus, on Feb. 15. Analysts like the switch.
Intel.
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Intel Stock Is Rising Again as Wall Street Praises Change in CEOs
Investors should take note when a group of financial analysts who often obsess over arcane matters such as changes of hundredths of a percentage point in gross margins make alterations to their stock estimates after a change in leadership. ....

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Intel Is Replacing CEO Bob Swan With Former CTO Pat Gelsinger

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Intel has dismissed CEO Bob Swan, naming current VMware CEO Pat Gelsinger the onetime chief technology officer of Intel to take his place. The move is effective on Feb. 15.
Investors cheered the news Wednesday morning, sending shares of Intel (ticker: INTC) up 8.5%, to $57.74.
Swan had been CEO since January 2019, after serving in an interim.
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Intel Is Replacing CEO Bob Swan. Investors Are Cheering the Move.
Intel has dismissed CEO Bob Swan, naming current VMware CEO Pat Gelsinger the onetime chief technology officer of Intel to take his place.
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Get Ready for CES 2021, the Gadget Fest Without Gadgets

The themes at this year’s show will be similar to last year health-care technology, 5G, electric vehicles, autonomous driving, mobility, and smart cities, among others. But there will be no cheese cubes or taxi lines. ....

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