Intel upsizes stock sale to $20B with spending plans still fuzzy

Intel stands to raise $20 billion from a public offering of common stock after increasing the deal from the $15 billion announced on Monday, although analysts disagree over what the chip giant wants the cash for. The Santa Clara biz initially announced a $15 billion offering before pricing the shares at $95 apiece and increasing the deal to $20 billion. Intel is offering 210,526,315 shares at a price understood to represent a 6.5 percent discount to Friday's closing level. It has also granted un