LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Intel Corporation (“Intel” or the “Company”) (NASDAQ: INTC) investors concerning the Company and its officers’ possible violations of federal securities laws. To obtain information or aid in the investigation, please visit the Intel investigation page on our website www.glancylaw.com/case/intel-corporation.
On January 2, 2018, news media reported that a significant design flaw in Intel's processor chips could allow malicious software to read protected areas of a device's kernel memory, causing Intel’s processor chips to be “vulnerable to hackers” and “raises concerns about the company’s main products and brand." The Register reported that the operating system updates necessary to address the vulnerability would likely result in "a ballpark figure of five to 30 percent slow down, depending on the task and the processor model," for Intel-based computing devices.
On this news, shares of Intel fell $1.85, or 3.94%, to close at $45.00 on January 3, 2018, thereby injuring investors.
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If you purchased Intel securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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