The Shareholders Foundation announces that an investigation on behalf of investors in Intel Corporation (NASDAQ:INTC) shares is ongoing concerning potential breaches of fiduciary duties by certain officers and directors at Intel.
Investors who purchased shares of Intel Corporation (NASDAQ:INTC) in 2007 or earlier and currently hold any of those NASDAQ:INTC shares, have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Intel officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Intel Corporation reported that its Total Revenue declined from over $53.99 billion for the 53 weeks period that ended on Dec. 31, 2011 to over $52.7 billion for the 52 weeks period that ended on Dec. 28, 2013 and that its respective Net Income fell from over $12.94 billion to over $9.62 billion.
Shares of Intel Corporation (NASDAQ:INTC) traded in April 2012 as high as $28.38 per share and declined to$19.72 per share in late November 2012. Since then NASDAQ:INTC shares grew to as hhgh as $26.98 per share on April 9, 2014.
On April 21, 2014, NASDAQ:INTC shares closed at $26.95 per share.
Those who purchased shares of Intel have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego