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Intel (NASDAQ:INTC) recently adjusted its projected revenue from $13.8 to $14.8 billion down to $13.2 billion. The stock hit a year to date low of $23.18 on September 10 because of this news, but at the annual Intel Developer Forum the company showed off some tech meant to turn investor opinions around.
Intel revealed a new processor called Haswell which is supposed to run on only 10 watts. Intel’s processors, still used in 80 percent of personal computers worldwide, have suffered against the power-efficient designs of Qualcomm (NASDAQ:QCOM) and Samsung in the wake of the mobile boom.
Investing Insights: Is Intel a Buy, Hold or Sell Now?
Intel also displayed laptops with improved gesture and voice recognition technology, which general manager of Intel’s Architecture Group David Perlmutter said could take off with the Microsoft’s (NASDAQ:MSFT) upcoming Windows 8 operating system. The new Windows OS will support touch capability. Hewlett-Packard (NYSE:HPQ) is also building computers for the platform.
Microsoft and Intel both have a stake in convincing investors that personal computing isn’t dead. Microsoft’s hold on the mobile market has been notoriously shaky. A new generation of tech complimenting a sleek new Windows OS could get the PC to catch the investor’s eye.
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