Intel said it plans to spin off its programmable chip unit and make an initial public offering within two to three years. I don't really know how to view this news, positive or negative? The $INTC+0.8% stock initially weakened today but is already going back into the black.
Intel
INTCCapital Structure
Market Cap
133.5B
Enterpr. Val.
179.0B
Valuation
P/E
32.3
P/S
2.4
I really like Intel and Gelsinger's vision, so I believe this will move Intel a little closer to achieving their goal.