By Christiana Sciaudone
Investing.com – Intel (NASDAQ 🙂 named VMware CEO (NYSE 🙂 its new chief executive officer, driving shares up 8%. VMware, on the other hand, fell 7%.
Pat Gelsinger, who has headed VMware since 2012 and has tripled sales, will replace Bob Swan next month. Swan has been Intel’s CEO for two years after serving as interim director for six months, Bloomberg reported.
Activist investor Dan Loeb has urged the chipmaker to look for strategic alternatives for the company, including a possible liquidation and possible asset sale. Delays in manufacturing chips have plagued Intel and are in talks with Taiwan Semiconductor Manufacturing (NYSE 🙂 and Samsung Electronics (OTC 🙂 to manufacture some of its chips, Bloomberg said.
Intel also assumes that previous sales and profit forecasts will be exceeded in the fourth quarter. In October, the company released fourth quarter forecasts with …