At Bob Swan's first shareholder meeting as Intel CEO, he took a humble tone, saying that the company fell short of expectations.
Despite Swan's comments, Intel shares slipped after hours on Wednesday. Wedbush analyst Joel Kulina pointed to Intel's projection of low-single digit percentage growth in the next three years as a possible reason why.
Analyst Patrick Moorhead of Moor Insights and Strategy said the Intel CEO's show of humility was not surprising, given Swan's past role as the chipmaker's chief financial officer.
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