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Intel CEO Brian Krzanich sold about half his stock months after he learned about critical flaws in billions of his company's microchips. Krzanich now holds only the minimum number of shares he's required to own. Intel says there's nothing to see here: Krzanich remains confident about the company's future, and his massive stock sale was unrelated to the security issue that sent shares down about 6% over the past two days.
"In all the years I've been at this and of all the companies I've covered, I can't recall another single massive sale on this scale," Rasgon said.
originally posted by: neo96
Intel needs to be looking for a new CEO.
Since that guy obviously doesn't stand behind the company he runs.
Get the board to replace his snip.
Intel chip is a solid product. Just FIX the damn thing.
originally posted by: carewemust
a reply to: Blender5L
Can you summarize how these flaws are affecting the average computer user?
This means that a malicious app on your phone could steal data from your other apps. Or a malicious program on your computer -- maybe on running in a browser window from that sketchy site you're visiting, or as a result of a phishing attack -- can steal data elsewhere on your machine. Cloud services, which often share machines amongst several customers, are especially vulnerable. This affects corporate applications running on cloud infrastructure, and end-user cloud applications like Google Drive. Exactly how, we don't know yet.