INTEL CORP. (INTC)

Yesterday, chip giant Intel reported its second-quarter earnings, missing on the top and bottom lines and announcing a $10 billion cost reduction plan to cut 15% of its workforce and suspend dividend payments. INTC’s stock price is down almost 30% in early trading, pouring cold water on the broader market with the S&P down 2% and NASDAQ shaving off 2.25%. Could this news have been anticipated by those using the SIA INTEL?

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