Intel Makes Nonspecific Shelf Filing to Raise Capital
Intel (INTC) this morning filed with the SEC for a potential future securities offering. The shelf filing provides no specific information on any immediate plans to raise cash, and covers the potential sale of equity, debt, preferred shares, warrants and various other types of securities. I presume that the advantage of making a filing of this type is that it allows the company to move more quickly when it really does decide to raise capital.
I would also note that the filing includes two lengthy paragraphs about the risks from the current economic downturn. It makes for pretty grim reading.
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