Intel Stock Is Soaring. Can a Breakup Plan Save the Company?

Investors cheered news that the chip titan is considering strategic options.Shares of Intel (INTC 7.82%) were on the move Friday in the wake of news reports that the company was considering the possibility of spinning off its manufacturing arm from its core chip design operation in order to rehabilitate itself and create value for shareholders.That news came after a disastrous earnings report earlier this month that included weak results, disappointing guidance, the elimination of the stock's dividend, and ...