6:30:49 AM PDT - Monday, March 30th, 2020

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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Intel suspends share buybacks, warns of likely coronavirus hit

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