Intel (INTC) announces it will offer 5, 10, and 30-year notes, with each set of notes having a...

|About: Intel Corporation (INTC)|By:, SA News Editor

Intel (INTC) announces it will offer 5, 10, and 30-year notes, with each set of notes having a value of at least $500M. In spite of possessing over $13.4B in cash and investments as of July 2, Intel will primarily use the proceeds to pay for stock repurchases - a sign that, like many other tech names, most of Intel's cash resides offshore.