|Bid||44.180 x 2800|
|Ask||44.190 x 3900|
|Day's Range||43.510 - 44.320|
|52 Week Range||33.230 - 47.640|
|PE Ratio (TTM)||15.54|
|Forward Dividend & Yield||1.09 (2.52%)|
|1y Target Est||N/A|
A U.S. lawmaker from California this week asked Intel Corp., Advanced Micro Devices and Softbank-owned Arm Holdings to give him a briefing on the Spectre and Meltdown chip flaws affecting tens of millions of computers, servers and smartphones. “The Spectre and Meltdown vulnerabilities are glaring warning signs that we must take cybersecurity more seriously,” wrote Rep. Jerry McNerney, a Democrat who serves much of the Central Valley.
In light of recent gaffes from the likes of Chipotle Mexican Grill, Inc. (NYSE:CMG), Equifax Inc. (NYSE:EFX) and United Continental Holdings Inc (NYSE:UAL), it’s not as if Intel Corporation (NASDAQ:INTC) didn’t know what to expect (and what to do about) the recent revelation that most of its computer processors were vulnerable to some rather nasty hacking. How the company responded to it is fair game for judgment, whether or not you own INTC stock. With that as the backdrop, here’s the report card of what Intel did well and didn’t do well in response to the Spectre and Meltdown dust-up.
Chip-maker Advanced Micro Devices, Inc. (NASDAQ:AMD), who has had a red-hot start to 2018, didn’t have a great close at the end of last week. Just a few days before, AMD stock was bouncing on news that chips from competitor Intel Corporation (NASDAQ:INTC) were susceptible to a security flaw called Spectre. AMD said the exploit poised a “near-zero” risk to its chips, so AMD stock popped on the thought that customers would migrate from Intel to AMD for security purposes.
A Democratic U.S. lawmaker asked Intel Corp and two other microchip makers on Tuesday to provide a briefing on the recently detected Spectre and Meltdown security flaws that could allow hackers to steal information from most computers and devices. "I am looking to better understand the nature of these critical vulnerabilities, the danger they pose to consumers, and what steps your companies plan to take to protect consumers," California Representative Jerry McNerney wrote to the chief executives of Intel, Softbank-owned Arm Holdings and Advanced Micro Devices. “The security of our customers’ systems and data is a top priority for Intel," the Santa Clara-based company said in a statement to Reuters.