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Intel (INTC) raised a healthy $6B in its debt offering - $3B of the notes mature in Dec. 2017...

Intel (INTC) raised a healthy $6B in its debt offering - $3B of the notes mature in Dec. 2017 and yield 1.35%, $1.5B mature in Dec. 2022 and yield 2.7%, and $1.5B mature in Dec. 2032 and yield 4%. Assuming Intel aggressively uses the funds for buybacks and continues to spend heavily on capex, the company could soon have a negative net cash position - RBC noted yesterday a $2B-$3B raise could leave Intel net cash neutral. (previous: I, II)
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Comments (4)
  • MexCom
    , contributor
    Comments (3064) | Send Message
     
    Don't understand the early decline. Are investors hiding under a rock? I expect great support at this level and possibly a rebound. I went to a full position on the open.
    5 Dec 2012, 09:55 AM Reply Like
  • berloe
    , contributor
    Comments (1942) | Send Message
     
    negative net cash position??? That is scary. Why didn't they use the foreign cash to buy McAfee? Probably couldn't??
    This company has been hugely disappointing of late. We need new leadership quickly.
    I'm still long some but reduced a lot.
    5 Dec 2012, 10:10 AM Reply Like
  • TwistTie
    , contributor
    Comments (2476) | Send Message
     
    I'm beginning to think that there aren't any "investors".

     

    UB1+IB12
    5 Dec 2012, 02:20 PM Reply Like
  • dfloydr
    , contributor
    Comments (55) | Send Message
     
    I somehow doubt the above dire contention. You'd think INTC, after all these years, would have a pretty good handle on their can management. Why would the buy in so many shares as to deplete their cash? Makes no sense.
    5 Dec 2012, 10:22 PM Reply Like
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