Posted Dec. 5, 2012 at 10:51 a.m.

Premium Lock Intel launches bond gambit to rescue its ailing stock

Published: 2012-12-05 10:51:12
Updated: 2012-12-05 10:51:12

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Intel The world's largest chipmaker said Tuesday that its profits fell 13 percent in the latest quarter while operating expenses rose and sales were flat. However, these results beat analyst expectations.

Chip giant Intel is taking advantage of bond interest rates below its dividend yield as the world's largest semiconductor maker borrows to buy back stock battered by its lagging share in the smartphone and tablet markets....

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