Wed, 27/05/2009
Intel Corp, the world’s largest chipmaker, said the record 1.06 billion euro ($1.5 billion) fine imposed by EU regulators for antitrust violations would not cause it to cut investment or slash its dividend. “There’s still plenty of cash flow from operations to invest in our business, pay the fine and pay the dividend,” Chief Financial Officer Stacy Smith said at an analyst event in London on Wednesday. “As we’ve said in the Q1 earnings call, we are not having any conversations about cutting the dividend.” Smith showed analysts a slide indicating the company would spin off more than $10 billion in cash in 2009, flat or slightly down on 2008.