The PC business is not enough for Intel (NASDAQ: INTC). It want to get into four more businesses according to The InQuirer. The include low-cost PCs, mobile internet devices, consumer electronics, and embedded systems. The big chip company thinks each of these is a $10 billion market.
Whether this will help the company offset falling NAND flash memory prices, at least short-term, is unlikely.
The company’s shares did take a tick up yesterday, but at just over $20, they are still near a 52-week low.
Douglas A. McIntyre