Activist fund wants to help Intel fix its ‘rough patches’

Activist investor Dan Loeb said in an open letter to Intel Corporation (NASDAQ: INTC) on Tuesday he boasts two decades’ worth of experience helping companies navigate through “rough patches” and he has some ideas on how the chipmaker can proceed moving forward. Loeb owns $1B worth of shares Loeb’s hedge fund accumulated a roughly $1 billion stake in Intel despite the stock underperforming its semiconductor peers on a one-year, three-year, and five-year basis. But the activist investor’s stake that translates to a stake of roughly 0.5% in Intel is based on expectations for management to solve problems with “the utmost