Dan Loeb's Third Point calls on Intel (INTC) to explore strategic alternatives - Reuters

Go back to Dan Loeb's Third Point calls on Intel (INTC) to explore strategic alternatives - Reuters

Strategic Alternatives Unlikely to Better Position Intel (INTC) Over Next 2 Years - Rosenblatt

December 29, 2020 2:47 PM EST

Rosenblatt Securities analyst Hans Mosesmann weighed in on Intel (NASDAQ: INTC) on reports Third Point LLC took a large stake in and is recommending that Intel seek strategic alternatives.

Mosesmann notes Intel is already exploring alternatives. However, they don't believe any strategic... More

Intel (INTC) Intra-Day Move May Be Overdone - RBC

December 29, 2020 1:57 PM EST

RBC Capital analyst Mitch Steves weighed in on his initial read of reports that Dan Loeb's Third Point has built a stake in Intel (NASDAQ: INTC) as is pushing the company to explore strategic alternatives.

"Net Net: we think the intraday... More

Intel (INTC) Gains After Being Targeted by Activist Dan Loeb's Third Point

December 29, 2020 1:39 PM EST

Shares of Intel (NASDAQ: INTC) surged 4.5% Tuesday after Third Point LLC's Dan Loeb sent a letter to Chairman Dr. Omar Ishrak discussing a "significant stake" and urging the company to evaluate strategic alternatives, "including whether Intel should remain an integrated device manufacturer and the potential divestment of certain failed acquisitions."

Loeb notes that the stock of Intel has "dramatically underperformed those of its peers on a one, three, and five-year basis", losing over $60 billion in market cap in the past year alone.

The hedge fund manager said they would like to... More

Intel (INTC) Says it Looks Forward to Engaging with Third Point

December 29, 2020 1:16 PM EST

Intel Corporation (NASDAQ: INTC) welcomes input from all investors regarding enhanced shareholder value. In that spirit, we look forward to engaging with Third Point LLC on their ideas towards that goal.

... More