Sizing Up Intel's Mobile Business
A senior executive at Intel (NASDAQ:INTC) who headed its push into smartphones and tablets recently resigned from the company. We take this opportunity to briefly look at how much this business matters to Intel and the company’s problems that still persist. Intel competes with Advanced Micro Devices (NYSE:AMD) and Nvidia (NASDAQ:NVDA) in the PC microprocessor and graphics businesses. Our price estimate for Intel stands at $27.23 which is around a 30% premium to the market price.
Intel’s Disappointing Performance in Mobile Devices
A recent Wall Street Journal article states:
Anand Chandrasekher has been the face of Intel’s ambitions in pocket-sized devices, which haven’t produced much in the way of results yet. But no more.
Mr. Chandrasekher was a senior vice president of Intel’s ultra mobility group that is focused at chip development for mobile devices. While Intel has been dominant in desktops and notebooks with its x86 chip, it hasComplete Story »