Ohio and the Intel Fabs
Nice to see investment partners asking hard questions and stating their expectations clearly. I can only hope Intel can pull this through:
“I am not a financial analyst, but I think it’s a sign your company is in trouble when the stock market reacts positively to reports of a $126 million loss and a third straight quarter of declining revenue,” CCU Coalition Director Judith Barish said. “Our message is the same: The federal government and the state of Ohio have committed billions to the company, despite its well-publicized financial woes. We expect Intel to live up to the commitments it made to taxpayers for those subsidies.”
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