Jim Cramer: I Want Intel to Split
Intel needs to split the company between its fast and slow growing parts, says Jim Cramer.
Intel (INTC) - Get Report needs to split the company between its fast and slow growing parts, says TheStreet's Jim Cramer. Intel reports 2016 second quarter earnings Wednesday after the market close. Analysts are looking for earnings of $0.53 a share on revenue of $13.54 billion. After announcing a restructuring in April to focus on its transition to the cloud, analysts will reportedly be looking for Intel to report growth in its cloud-based business for this quarter. The Santa Clara-based digital technology company's data center and Internet of Things businesses have become its primary growth engines as its PC market declines.
