Intel suspends share buybacks, warns of likely coronavirus hit
By Editor - Tue Mar 24, 8:56 am
The suspension of buybacks would not impact dividend payments, Intel said in a filing. Intel in October 2019 said it would repurchase $20 billion worth of shares over the next 15 to 18 months. Intel’s decision follows measures by big companies including AT&T Inc and Boeing Co, which last week announced similar plans, citing coronavirus concerns.
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