Boston, MA 06/06/2014 (wallstreetpr) – Intel Corporation (NASDAQ:INTC) is best known as a provider of chips used in PCs, mobile and tablet devices. Although the company dominated the PC market for many years, the decline in PC sales has become a thorn in its flesh. Its penetration into the mobile and tablet markets has not been a smooth ride thanks to intense competition from QUALCOMM, Inc. (NASDAQ:QCOM) and other chipmakers that made an early entry into the market.
However, Intel has demonstrated the ability to disrupt the status quo in the mobile chip business. The company is partnering with key manufacturers to quicken the penetration of its mobile chips in the market. The partnerships also help Intel to work with the companies to bring new technologies in mobile devices in efforts to improve the experience of consumers and increase sales.
Some of the key partners working with Intel Corporation (NASDAQ:INTC) to bring new technology in mobile devices include Lenovo Group, Dell Inc (NASDAQ:DELL), Toshiba, Panasonic Corporation (ADR) (OTCMKTS:PCRFY), Fujitsu Limited and Logitech International SA (NASDAQ:LOGI).
Injecting new life in old business
Just like Intel Corporation (NASDAQ:INTC) working to bring a new lease of life into its chip business, Cisco Systems, Inc. (CSCO) is also revamping its business amid intense competition. In addition to providing high-end networking gears, the company is also pushing into cloud-based networking, which appears to be a reliable business in the dynamic tech industry.
Investors take notice
The efforts by Intel Corporation (NASDAQ:INTC) and Cisco (CSCO) to revamp their struggling businesses has not gone without notice, especially among the high frequency traders (HFT). These are the traders look out for heavily traded stocks that are also household names. Additionally, these traders are excited about stocks that do not exhibit price volatility.
Therefore, for HFTs, Intel and Cisco fit the bill. It is easy to see why considering, for instance, that in the last one year Intel Corporation (NASDAQ:INTC) traded in the range of $22 – 28, while Cisco traded in the range of $22 – $26.
