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“Intel stock plunges as company announces cost-cutting plan to slash jobs, suspend dividend” (INTC)

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Author: climateer
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Losers.*After dropping 5.5% during the regular session the stock is down another 19.14% (-$5.56) at $23.49.

From Yahoo Finance, August 1: Chip giant Intel (INTC) reported its second quarter earnings
after the bell on Thursday, missing on the top and bottom lines and
announcing a $10 billion cost reduction plan to cut 15% of its workforce
and suspend dividend
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