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Intel Promises to Invest More in Its Future

Nov 06, 2018 - ICT Monitor Worldwide

On Oct. 25, chip giant Intel (NASDAQ:INTC) reported strong third-quarter results and issued fourth-quarter and full-year revenue and earnings per share (EPS) guidance that was well ahead of what analysts were expecting.

During the accompanying earnings call, CFO and interim CEO Bob Swan said that the company expects its operating expenses -- that`s both research and development (R&D) as well as marketing, general and administrative (MG&A) -- to come in at 29% of revenue, which he added was...