Intel Board Scores Two New Directors

Intel Board Scores Two New Directors

We've got two tidbits from Intel to close out the work week, and being that each is relatively minor, we figured we'd cover 'em both simultaneously. First off, the chip maker has bucked the growing trend of bucking dividends entirely by declaring a 14 cents per share quarterly dividend on the company's common stock. The news comes on the heels of Intel's pledge to spend $7 billion on research and new chip plants, but in the same breath, it follows grim news that the CPU sector will have a tough time making any headway at all throughout 1H 2009. At any rate, the dividend will be payable on June 1, 2009 to stockholders of record on May 7, 2009, and we're certainly taking this as a gesture that Intel's pretty bullish on its future quarters.

In related news, the company has also announced that John J. Donahoe (pictured), president and CEO of eBay Inc., and Frank D. Yeary, vice chancellor of the University of California Berkeley, have been elected to serve on Intel's board of directors. This follows the departure of Carol A. Bartz, CEO of Yahoo! Inc., from Intel's board. President and CEO Paul Otellini stated that he was "very pleased to have John Donahoe and Frank Yeary join the Intel board," and he noted that both of them bring "a wealth of strategic business and financial experience that will assist us now and going forward." He also proclaimed that he was sad to see Carol leave, but he did take the opportunity to thank her for her service and wish her the best at her new role at.

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