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+0.3% stock initially weakened today but is already going back into the black.
Intel Corporation
INTC
$44.23
$0.15
+0.34%
Capital Structure
Market Cap
186.5B
Enterpr. Val.
227.7B
Valuation
P/E
-113.4
P/S
3.5
Dividends
Yield
1.7%
Payout
-244.6%
I really like Intel and Gelsinger's vision, so I believe this will move Intel a little closer to achieving their goal.
As long as it's good for the company and brings more innovation and money, I'm all for it👍.