BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its 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.
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. In addition, Intel CEO, Brian Krzanich allegedly sold nearly $40 million worth of Intel shares after learning of the processor flaw.
On this news, shares of Intel fell $1.85, or 3.94%, to close at $45.00 on January 3, 2018, thereby injuring investors.
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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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