TFA doesn't say it came due to a search for "strategic alternatives."
It says "Dan Loeb's Third Point hedge fund in December urged Intel's board to explore "strategic alternatives."
That is typical hedge fund pressure attempting to squeeze (short term) money out of their investment. The article has two more paragraphs consisting of the hedge fund's cheap shot quotes.
It isn't clear Intel's board succumbed to the hedge fund pressure. Changing the CEO from a finance-oriented CEO to a technically-oriented CEO (Gelsinger) is taking Intel back to its roots rather than "exploring strategic alternatives." Intel was founded and lead for many years by technically-oriented CEOs.
It says "Dan Loeb's Third Point hedge fund in December urged Intel's board to explore "strategic alternatives."
That is typical hedge fund pressure attempting to squeeze (short term) money out of their investment. The article has two more paragraphs consisting of the hedge fund's cheap shot quotes.
It isn't clear Intel's board succumbed to the hedge fund pressure. Changing the CEO from a finance-oriented CEO to a technically-oriented CEO (Gelsinger) is taking Intel back to its roots rather than "exploring strategic alternatives." Intel was founded and lead for many years by technically-oriented CEOs.
Ref: https://en.wikipedia.org/wiki/Intel#Leadership_and_corporate...