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Investing

Does Intel Need Cash? (INTC)

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By Douglas A. McIntyre Updated Published
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Intel Corporation (NASDAQ: INTC) has filed an automatic shelf registration statement with the SEC.  This will allow the company or holders to sell securities from time to time.  As with most shelf registration statements, the financial terms are not disclosed.

The company has listed that it can sell any combination of debt, common stock, preferred stock, warrants, depositary shares, purchase contracts, guarantees, and units.

There were also no underwriters named in the filing.  Also, the only part of the use of funds is that the use of proceeds will be set in the supplemental prospectus.  It also says that “selling securityholders” will be set forth in a prospectus supplement or in amendments.

Intel has over $15 billion in cash and equivalents, and hardly any long-term debt.  While these are just the “on the record” filings, it makes you wonder if the company is interested in doing a large transaction.  With what is happening in the processor and PC market it might not even be that large of a surprise if the company goes out and secures another leadership position.

Jon C. Ogg
February 23, 2009

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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