In January, Intel said it was in the midst of a big cost cutting and their dividend is several billion dollars. When they were asked about it, Pat Gelsinger didn't say we are committed to keeping the dividend where it is. But I think people took that because he did not add anything else: We're going to keep the dividend right where he is. What are we, seven weeks later? No, we're less than a month later. Come on, man. It wasn't the business performance of Intel which has just been having its lunch taken from it every day by AMD.
In late January CEO Pat Gelsinger assured Wall Street that Intel was "committed" to its dividend. Today that commitment changed.
(0:21) Bill Mann discusses: - Intel cutting its dividend by 65% - Gelsinger's potential rationale for the cut - How else the company plans to invest the money
(8:00) Alison Southwick and Robert Brokamp answer more of your questions about home buying, pensions, and investing strategy.
Companies discussed: INTC, AMD
Host: Chris Hill Guests: Bill Mann, Alison Southwick, Robert Brokamp Producer: Ricky Mulvey Engineers: Rick Engdahl, Tim Sparks
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