United States dollars and silver: Intel financing initiatives show growing confidence in the success of alternative work

ON 12 AUGUST, THE BANK RELEASED A REPORT INDICATING THAT THE $20 BILLION IN EQUITY DISTRIBUTION IN INTEL WOULD RESULT IN A DILUTION OF ABOUT 4 TO 5 PER CENT PER SHARE SHARE AS A RESULT OF THE INCREASE IN THE NUMBER OF SHARES, BUT IT REMAINED A "GOOD LEAD INDICATOR" OF GROWING MANAGEMENT CONFIDENCE IN THE WORKING OF A SUBSTITUTE. IN THE AGENCY ' S VIEW, THE FINANCING WAS ON THE WHOLE A NET POSITIVE FACTOR, AS THE SIZE OF THE SUBSTITUTE AND CLIENT CONFIDENCE WOULD DRIVE LONG-TERM REVENUE GROWTH AND INCREASED OPERATIONAL EFFICIENCY, WHICH WOULD BE SUFFICIENT TO OFFSET THE DILUTION OF EACH MODEST SHARE OF PROCEEDS IN THE SHORT TERM. THE ANALYST ADDED THAT HE HAD REITERATED THE BUY-IN RATING FOR INTEL, BUT HAD REVISED THE AGENCY ' S STOCK PRICE TARGET DOWNWARD FROM $160 TO $145 TO REFLECT THE MODERATE DILUTION OF EACH SHARE AND THE RECENT READJUSTMENT OF AI ' S CALCULATION OF THE PEER VALUATION MULTIPLIER。