Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Friday, August 30th. I'm Julie Morgan.

Intel is exploring its options.

Dell is considering letting go of Secure Works,

and Verizon adds a new service for some of its customers.

Intel is exploring options such as splitting its foundry business and potentially scrapping

factory projects.

People familiar with the matter told Bloomberg this information as Intel struggles to turn around its business amid mounting losses.

The company's longtime bankers Morgan Stanley and Goldman Sachs are providing advice on potential options

which may also include M&A. Discussions are still in the early stages

and the options being considered will likely be presented during a board meeting in September.

A split or sell of Intel's Chip Foundry Unit would mark a major U-turn for the CEO,

who thought the division would restore the company's standing among chipmakers.

But the sources cited in the report expect Intel to make a smaller move first, like holding off on some expansion plans.

Intel's latest earnings and guidance widely missed expectations while it cut jobs and

suspended its dividend to lower costs.

The news sparked a major sell-off on August 2nd, marking the stock's worst

day in over 50 years. The CEO admitted at a press conference on Thursday that it's been a difficult few weeks.

He said that they've been working hard to address the issues and at earnings they were determined to lay out a clear view of where they are,

but also some of the next steps they needed to address, and obviously

the market did not respond positively.

He went on to say that they have respect for some of the skepticism that they've received from the market and that they're up for the challenge.

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