Sold it Cyprus Semiconductor. I guess they didn't think the margins would be big enough to be worthwhile to invest in... Intel, meanwhile thinks this is going to be where all the money is. For intel that is use to playing in a high margin server chip business, going after such a low margin IOT sector, intel's going to be in for a rude awakening.
Go figure.
http://finance.yahoo.com/news/inplay-briefing-com-055139997.html#avgo
BK is simply grasping at straws. Here's a guy who thinks we can make money in the drone market. Ha-ha. This is what he sees as a high volume market? You have to understand this guy's mentality. He was never and will never be a businessman. He came up through production. This should tell you about his knowledge and general contribution to the company before becoming CEO. The board also made a big mistake by promoting this clown to run the company. His forte has always been production yet he has been successful within 3 years of not keeping Intel competitive and allowing the competition to catch up and surpass us.
So many unemployed business geniuses
There's a 1,000,000,000 thing connected to the Internet market that intel got its asskicked in. If we can't complete in mobile how can we compete in a higher volume lower margin market. Our management are sh--
You have it figured out yet you are CEO of nothing, go figure.
Well in 2011 they thought ultrabook was where the money is going to be
in 2012 it was intel media
then it was winning tablet market share with xxxxxx-trail
then broxton
then sofia
now IOT
Looks like BK has failed at everything he tried. I'd give him an IR and show him the door.
Intel will buy all three of them.