The Ratings Game: Intel stock slips as board says ‘What about Bob?’ at end of lengthy CEO search [MarketWatch]
Advanced Micro Devices, Inc. (AMD)
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Source: MarketWatch
Intel stock slips as board says ‘What about Bob?’ at end of lengthy CEO search Intel Corp.’s stock declined Thursday after the chip maker’s board made the unexpected decision to appoint interim CEO Bob Swan to the chief executive position permanently following a lengthy search, as analysts questioned the choice of an executive without a strong technology background. Intel INTC, -0.88% shares slipped 1.9% to $46.64 in recent trading, after touching an intraday low of $46.10, while shares of competitor Advanced Micro Devices Inc. AMD, +5.72% surged 9% to $25.14. For the week, Intel shares are down 0.8% while AMD shares are up 14%. AMD’s stock staged a staggering 20% one-day rally Wednesday after the chip maker’s bold outlook for 2019. In contrast, Intel was more cautious in its outlook when it reported earnings last week. Swan said on an earnings conference call last week that he was “convinced” Intel’s board would “close on a new CEO in the near future,” but few suspected he woul
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