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Intel C.E.O. Brian Krzanich Resigns After Relationship With Employee

https://www.nytimes.com/2018/06/21/technology/intel-ceo-resigns-consensual-relationship.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=first-column-region®ion=top-news&WT.nav=top-news


During Mr. Krzanich’s tenure, Intel’s market capitalization rose to above $240 billion, with a share price that is up 50 percent since the beginning of 2017. On Thursday, while the company’s shares declined 2 percent on the announcement of the leadership change, Intel said it expected to report second-quarter results that exceed Wall Street estimates.

Pierre Ferragu, an analyst with New Street Research, said the projection points to a “monster” quarter for the company. “The resignation itself is in our view a completely idiosyncratic event, with no impact to the company,” he wrote in a research note.