Intel Corporation (NASDAQ:INTC) CEO Brian Krzanich spoke with Fox Business Network’s (FBN) Liz Claman regarding whether Intel is being affected by the market selloff today and Ebola. On the market selloff Krzanich said, “we are in a broad set of markets globally across the world,” and, “we have operations everywhere that are able to keep the engine running around the clock no matter what’s going on in one location.” Regarding the threat of Ebola, Krzanich said “we always have a plan around infectious disease issues, it spawns back to the SARS days,” and that “we are starting to look at restrictions.”
Intel CEO Brian Krzanich on the impact today’s market selloff will have on Intel:
“I mean we’ll be very careful as we watch the quarter play out, but remember we forecasted a pretty much seasonal quarter we didn’t expect anything out of the ordinary and we watch these. We are in a broad set of markets globally across the world and that means when these issues arise we’re able to adjust our sales, move around the world and we have operations everywhere that are able to keep the engine running around the clock no matter what’s going on in one location.”
What can past market crashes teach us about the current one?
The markets have largely recovered since the March selloff, but most would agree we're not out of the woods yet. The COVID-19 pandemic isn't close to being over, so it seems that volatility is here to stay, at least until the pandemic becomes less severe. Q2 2020 hedge fund letters, conferences and more At the Read More
Intel CEO Brian Krzanich on adapting an Ebola plan:
“Absolutely, we always have a plan around infectious disease issues, it spawns back to the SARS days when there was those concerns and there were travel restrictions. So, we have a set of protocols about increasing restrictions with international trade, how we move around the sites, how we talk to people about their own health and not coming in if you’re sick down to screening and things like that. So back from those days we still have a plan that we have actually started to reinvigorate and talk about internally within the company. Yes, we are starting to look at restrictions, limitations.”