The innovation of Intel Corporation (NASDAQ:INTC) in 2-1 notebook/tablet introduced during the Intel Developer Forum was impressive, according to analysts at Stifel in a note to investors.
During the event, Stifel analysts Kevin Cassidy and Dean Grumlose noted Intel Corporation (NASDAQ:INTC) delivered a more pragmatic tone. They observed that the format of the event is casual and suggested it is probably part of the theme that the company is going back to its engineering roots.
According to them, the management’s presentation was set towards its customers and the technical community that based their products on the latest innovations of the chip maker.
Intel launched products
Intel Corporation (NASDAQ:INTC) introduced various development platforms to help clients bring their products to the market faster. Some of the near-term products launched by the company included the 14nm Core M processors (available now), the Core i3, Core i5, and Core i7 scheduled to be shipped in high-volume early in 2015.
The company is also expected to ship its 40mn tablets this year. Intel is now selling the Quark based Galileo and Edison, and it started shipping its LTE devices on September 9. Its refreshed Grantley server CPU is in production.
Cassidy and Grumlose said the most interesting upcoming product of Intel Corporation (NASDAQ:INTC) was the 14nm re-architectured Skylake for PC for applications. They also noted that the chip maker is deeply involved in developing wireless charging for PCs, tablets, handsets and headphones.
Intel is determined to establish a leadership role
According to the analysts, Brian Krzanich, CEO of Intel Corporation (NASDAQ:INTC) emphasized that the company is refocusing on renewing its key partnerships with its clients and developers.
They noted that Intel Corporation (NASDAQ:INTC) is determined to establish a leadership role in the emerging computational markets given its immediate focus on wearables, mobile and Internet of Things (IoT).
Krzanich emphasized that Intel Corporation (NASDAQ:INTC) is the second largest processor vendors in tablets during the second-quarter, and it is on track to meet its target shipment of 40 million tablets this year. According to him, the Quark IoT CPU was successful over the past 12 months.
Krzanich also highlighted its new products developed through partnerships with different vendors including the wearable earpieces, MICA smart bracelets and Fossil smartwatches. He also announced a new design contest based around the Edison SoC platform to ignite developer’s creativity.
Stifel maintains buy rating for Intel shares
“We believe Intel has made necessary adjustments to better meet changing end market demands, according to Cassidy and Grumlose. They also believed that investors recognize Intel’s changes.
The analysts maintained their Buy rating for the shares of Intel Corporation (NASDAQ:INTC) with a 12 month price target of $36.
