Intel Corporation (INTC): Basis Science Buy Would Be Big Positive [REPORT]

Intel LogoBy The original uploader was VD64992 at English Wikipedia [Public domain], via Wikimedia Commons

Topeka Capital Markets analyst Suji De Silva maintains a Buy rating for Intel Corporation (NASDAQ:INTC) as he looks at reports that Intel may have snapped up a key company.

Further evidence of commitment to new markets

Tuesday morning there were unconfirmed reports of Intel Corporation (NASDAQ:INTC) acquiring privately-held wearable device maker Basis Science for ~$100m. If found to be true, we believe this move affirms Intel’s commitment to and confidence in the market opportunity for new devices, an effort being spearheaded by Mike Bell. We believe this team continues to aggressively execute on the new CEO’s stated mandate of staying ahead of market trends, particularly in fast changing markets such as wearables.

Intel’s acquisition would fast track wearable know-how

We believe that privately-held Basis Science has developed a highly accurate fitness tracker and holds just under 10% market share. We expect Intel Corporation (NASDAQ:INTC) to leverage the experience of this team to build platforms/ chipsets for Intel’s larger customers, thereby scaling the efforts of early leaders such as Basis. We expect growth in the wearable market to benefit many of our semiconductor suppliers focusing on lower power, always on components and, in particular, motion sensor, connectivity and embedded controller solutions.

For exclusive info on hedge funds and the latest news from value investing world at only a few dollars a month check out ValueWalk Premium right here.

Multiple people interested? Check out our new corporate plan right here (We are currently offering a major discount)



About the Author

Sheeraz Raza
Sheeraz is our COO (Chief - Operations), his primary duty is curating and editing of ValueWalk. He is main reason behind the rapid growth of the business. Sheeraz previously ran a taxation firm. He is an expert in technology, he has over 5.5 years of design, development and roll-out experience for SEO and SEM. - Email: sraza(at)valuewalk.com

Be the first to comment on "Intel Corporation (INTC): Basis Science Buy Would Be Big Positive [REPORT]"

Leave a comment

Your email address will not be published.