Intel Stands by Forecast After CEO Exit, Vows to Be Thriftier
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Intel Corp., fresh off the abrupt departure of Chief Executive Officer Pat Gelsinger, stuck with its current financial forecast during a presentation Wednesday while also saying it would keep a tight rein on capital spending.
“We stand by the guidance that we gave at earnings,” Chief Financial Officer and interim Co-CEO Dave Zinsner said during the UBS Global Technology and AI Conference on Wednesday. He also said that Intel’s “core strategy” remains intact.