Intel Dodges Wall Street Critics on Tough Earnings Call

(Bloomberg) — Intel Corp.’s biggest critics on Wall Street didn’t get a chance to question executives on its recent earnings conference call, a sign of mounting pressure on the chipmaker and its leadership.Intel stock plunged as much as 12% Friday following a report that detailed a drop in profitable data center chip demand and falling overall profitability. That follows a 16% share slump after its second-quarter results three months ago.The world’s largest chipmaker is at the center of a debate about its future, one that its detractors are winning. They argue that multiyear delays in introducing new manufacturing technology has …read more

Source:: Yahoo Finance