The computer chipmaker Intel Corp. is attributing an internal error on a data flow which prompted it to launch a quarterly revenue report early
The computer chipmaker Intel Corp. on Friday blamed an internal error for a data flow which prompted it to release a quarterly earnings report early. It said its company network wasn’t compromised.
The company’s principal financial officer, George Davis, had told The Financial Times which Intel published its earnings before the stock market’s near on Thursday because it believed a hacker stole fiscally sensitive data from the site.
The company’s quarterly results were originally scheduled to be printed hours later after the close of trading on Wall Street Thursday.
“An infographic was hacked off of our PR newsroom site,” the newspaper quoted Davis as saying. It quoted an unnamed company spokesperson as saying Intel was notified that the picture was circulating beyond the provider.
Early access to such information could gain a stock trader.
It said”that the URL of our earnings infographic was inadvertently made publicly accessible before publication of our earnings and accessed by third parties. After we became aware of the situation we immediately issued our earnings announcement. Intel’s network wasn’t compromised and we have adjusted our procedure to protect against this in the future.”
The company’s stock price closed down over 9 percent Friday.