Intel's New CEO Faces ‘Show Me' Moment After $22 Billion Rally [Yahoo! Finance Canada]
Bank of America Corporation (BAC)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Ahead of taking on his new role on Tuesday, Tan sent a letter to employees warning that it won't be easy for the company to hold off the forces that have sent it into decline. But Tan didn't specify how he plans to tackle the problems, leaving analysts to wonder whether he will try to break up Intel and sell it off for parts, as many on Wall Street want, or whether he'll attempt a version of his predecessor's plan to work from the inside to fix its troubled manufacturing and product lines. It all adds up to a “show me” moment for the company, according to Joe Tigay, portfolio manager of the Rational Equity Armor Fund. “We're going to need to see some improvement in their product in order for it to get back to where it once was. And I think it's a great start, it's a good direction, but they are still a long ways away from where they were.” The announcement of Tan's appointment last Wednesday sparked a rally that has sent the stock up 24% through Monda
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