An analyst remains worried about "the massive capital expenditures required for the expansion of its foundry operations."
Intel Corp. is realigning its business to give investors greater financial visibility into its foundry ambitions, but an analyst says that even the company’s management realizes the new approach to reporting “will not be a panacea for its bloated cost structure.”
... Intel Corp. is realigning its business to give investors greater financial visibility into its foundry ambitions, but an analyst says that even the company’s management realizes the new approach to reporting “will not be a panacea for its bloated cost structure.” Don’t miss: Intel stock suffers worst week in a year, while AMD, Broadcom notch six-session losing streaks
“Revenue is eroding dramatically, while margins are deteriorating,” Novosel wrote, while reiterating his underperform rating on the chip giant’s bonds. “Hefty capital spending associated with the foundry model and $5 billion-plus for the Tower Semiconductor acquisition will likely lead to a massive cash burn. Leverage is soaring with the additional debt” of $15 billion over the past three quarters.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A Hot Brooklyn Restaurant Parts Ways With Star Chef, Goes Casual After a MonthThe restaurant's star chef Alexia Duchêne — semifinalist on season 10 of Top Chef in France, an alum of Parisian restaurant Datsha, and Alain Ducasse’s Allard — announced on Instagram that last Friday was her last day. (via EaterNY)
Read more »
Putin may feel 'need to reassert authority,' warns ex U.S. intel officerHal Kempfer said the Russian leader 'could be very dangerous' as he seeks to regain his grip on power following a rebellion by Wagner Group mercenaries.
Read more »
Tornado that ripped through massive Wyoming coal mining site injures 8 people, officials sayA tornado touching down at a mine in Wyoming has injured eight people and knocked over employee transport buses and empty train cars at the facility
Read more »
Tornado that ripped through massive Wyoming coal mining site injures 8 people, officials sayA tornado touching down at a mine in Wyoming has injured eight people and knocked over employee transport buses and empty train cars at the facility. The Gillette News Record reports the tornado hit the North Antelope Rochelle Mine in Campbell County around 6 p.m. Friday during a storm complex that also delivered tornadoes to neighboring Natrona and Johnson counties. The Campbell County Fire Department responded to the surface coal mining operation about 64 miles south of Gillette. The News Record reports seven people with injuries were transported to hospitals in Gillette and Douglas and another refused treatment. None of the injuries were considered life-threatening. The operator of the mine is Peabody Energy Inc. The company says it is assessing the damage.
Read more »