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Enter Symbol:
 
Intel Corporation (INTC) [hlAlert]

Rating:
None
3 Months Gains
down 18.30 %

Macke sold INTC

Posted on: Tuesday,  Nov 11, 2008  11:38 PM ET by Fast Money Jeff Macke

Macke
sold INTC.

Intel Corporation is a semiconductor chip maker. The Company is engaged in developing advanced integrated digital technology products, primarily integrated circuits, for industries, such as computing and communications. Its primary component-level products include microprocessors, chipsets, motherboards, wired and wireless connectivity. The Company offers products at various levels of integration, allowing its customers the capability to create computing and communications systems. As of December 27, 2008, the Company was mainly organized in two segments: Digital Enterprise Group (DEG) and Mobility Group (MG). During the fiscal year ended December 27, 2008 (fiscal 2008), the Company completed the divestiture of its NOR flash memory business. In July 2009, Intel Corporation completed the acquisition of Wind River Systems, Inc.

Jeff Macke is a founder and president of Macke Asset Management (MAM). He has been a professional investor for the last 10 years and ran a successful hedge fund from 1999-2004. Macke contributes to CNBC's "Fast Money" and is also the West Coast editor and a contributor to financial web site Minyanville.com. Prior to running money, Macke worked and consulted for a wide variety of Fortune 500 retailers. He is currently on the board of directors for Duckwall-Alco. Macke earned a master’s of business administration from Stanford University Graduate School of Business and a bachelor’s degree from Dartmouth College. The following stocks are owned by Jeff Macke based on the CNBC disclosures.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/7/2008 4:00 PM None
None
20.71
as of 12/24/2008
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/1/2008 4:00 PM Buy
1 year
25.35

(*) Stock Price at the time of the recommendation.
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