Intel Broke EBV+3 before board told of Otellini’s retirement!

Interesting this morning the business press is filled with Intel’s CEO, Paul Otellini’s retirement announcement on Monday, November 19, 2012 from Intel which will occur in May of 2013.  Careful reading of the Wall Street Journal, I noted this paragraph:

… Mr. Otellini didn’t inform fellow Intel directors about a definite decision until a regular board meeting at company headquarters last Wednesday, Mr. Bryant said.  [Mr. Bryant is current chair of the board]  Under Securities and Exchange rules, the disclosure gave Intel four days to announce the impending change, he said.

Interesting indeed.

All I would like to point out is that Intel had a negative transit the week before this noted Wednesday board meeting (see chart below) and obviously last week Intel’s stock price was weak as well, confirming the negative transit of EBV+3.

As I have pointed out many times in these blogs, transits both up and down can pre-stage important material information before the actual announcement as the case here.  I will leave it to you the reader whether you think more people knew this news before public disclosure or whether this was pure coincidence.  Either way investors should be alerted when these transits occur especially with stocks in their portfolios.

Intel with weekly price bars, EBV Lines (colored lines) and model price (dashed line)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s