Intel (INTC) Plans to Combine PC, Mobile Chip Units
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Price: $35.25 +2.17%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 1.4%
Revenue Growth %: +10.1%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 1.4%
Revenue Growth %: +10.1%
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Intel (Nasdaq: INTC) is looking to merge its PC and mobile chip divisions as the company looks to gain a stronger foothold in the still-growing smartphone and tablet segments.
The WSJ said Tuesday that Intel's changes will take hold in early 2015.
Kirk Skaugen, who oversees Intel's PC-client group, will oversee a new unit called the client-computing group. That unit will be part of the mobile and communications group, which reported a $1 billion operating loss in Q3.
Shares of Intel are flat in early trading.
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