Intel Lower; Deckers Sales Jump; Centene Medical Costs
On this episode of Stock Movers:- Intel (INTC) shares are lower as CEO Lip-Bu Tan sparked concerns that he is more focused on cost cutting than restoring the company's technological edge. Tan said the company will cancel some factory projects and take a more conservative approach to future spending, calling investments begun under his predecessor "excessive and unwise." Intel will reduce capital expenditures and has laid off thousands of employees, with plans to cut staff by 15% and end the year with 75,000 employees.- Deckers (DECK) share are higher in the premarket as net sales for Ugg and…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.