Back on September 12, Sandra Rivera, CEO of Altera, noted that any idea that chip stock Intel ($INTC) might sell its stake in Altera was “…not

This move that would represent a sharp about face from its earlier public messaging about the larger company's prospects.

Intel reportedly seeks to sell a minority stake in its Altera unit, aiming to raise billions in cash as the company struggles with market share losses and stock declines. Intel is looking for a deal that values Altera at around $17 billion,