Intel shares on Friday at one point dropped by as much as 9% from Thursday evening’s close at least partly because of reports the chipmaker was forced to release its Q4, 2020 results a little early because someone illegally accessed earnings-related data from the company.
The Financial Times Thursday quoted Intel CFO George Davis as saying an individual had accessed material pertaining to Intel’s financial results from the chipmaker’s corporate website before the company’s scheduled earnings announcement.
Specifically, the individual accessed an infographic containing information on the results from a staging area on Intel’s PR newsroom site. Upon discovering the illegal access, Intel decided to release its Q4 earnings about six minutes ahead of schedule, the FT reported Davis as saying.
Davis did not offer any further details on how the alleged intruder might have gained access to the infographic…