Posted on 01/26/2018 8:48:13 AM PST by Kid Shelleen
Intel finished 2017 on a high note with revenue that handily topped expectations - especially in its key data center group, according to quarterly financial results issued Thursday afternoon.
The company said it expects a $1.3 billion windfall in 2018 from the federal tax overhaul approved last month and said it will give nearly half of it to shareholders through a 10 percent increase in the company's dividend.
The news sent Intel's shares up 3.75 percent in after-hours trading, to $47 a share. Intel's stock remains near its highest-point since the dot-com era.
(Excerpt) Read more at oregonlive.com ...
Now if they can just fire that do-nothing CEO.
The problem is all the heavy lifters who could do the job have been forced out or gotten tired of all the internal drama.
billions for corporations and in reality, a small tax decrease for the rest of us....pretty sure this household is going to see very little decrease...
Clark Howard on WSB radio in Atlanta says that this is Obama’s economy and that it takes many years to develop our economy.
If you divide the windfall with the 106K employees that equates to about 12K per employee, I would take a percentage of that. I wonder if Intel is going to step up like other large corporations are doing and give some back to their employees...
I’m getting “crumbs” — but, hey, I WILL GLADLY take my crumbs !!!
All of which will further boost the US economy. #MAGA
“billions *for* corporations...”
Your thinking is flawed - those billions were EARNED by the corporations. This change in the tax law simply prevents the govt from taking so much of their EARNINGS.
I like Clark Howard and agree with him on many things but he should know that the stock market, particularly high tech, is a leading indicator of economic growth and consumer confidence.
Hey Pelosi, is $1.3 billion crumbs? Didn’t think so.
I would think their CPU business would be somewhat moribund at the moment. I know I’m in serious wait-mode on upgrading my desktop until both AMD and Intel work through their respective issues in their CPUs to my satisfaction.
“billions for corporations” - like Intel, yes, they’ll increase R&D, increase production schedules, hire more skilled workers, driving up salaries...
Say Clark, obama had 8 years to do anything positive but didn’t. He blamed everything negative on George Bush.
Donald Trump comes along and we see positive results right away as he announced what he was going to do and did so despite opposition from the democrats and rinos in congress.
Any financial advice from Clark Howard should be dismissed. All he says is buy cheap and save money. Well duh!
Well, if you happened to own some Intel, you’d get a bit of an income increase. Not much, but some.
Now if they can just fire that do-nothing CEO.
The problem is all the heavy lifters who could do the job have been forced out or gotten tired of all the internal drama.
****************
Or they were forced to retire and were blackballed, like many of us where.
Hope they nail the SOB CEO for the stock he sold.
He is also the CEO who dis invited Pres. Trump from visiting Intel. Saying the Pres. was divisive.
While there is a giant grinning photo of Odumbo hanging in the lobby of JF4
KARMA baby.
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