Diamonds and Dogs

1/13/21

Good news for Intel (INTC) is bad news for VMWare Inc. Intel jumped 6% today, one of its best days in years, as the chip company announced they will hire VMWare's CEO, Pat Gelsinger to replace Bob Swan who is stepping down. Intel is calling Mr. Gelsinger a proven technology leader with a distinguished track record of innovation, talent development, and a deep knowledge of Intel where he once worked.

VMWare (VMW) fell 6% as Gelsinger's departure could complicate Dell Technologies' plans to spin-off VMWare, in which it holds an 81% controlling stake. 

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.