Boston, MA 02/24/2014 (wallstreetpr) – Intel Corporation (NASDAQ:INTC) a company on a transition, continues to give IBM a beating in the market by producing new rejuvenating products for its top-end servers that have continued to propel its market share to new heights. The company has also been stealing market share stake from Oracle Corporation (NYSE:ORCL) which has some of the most complex chips for computing tasks.
Intel Corporation (NASDAQ:INTC) currently commands a huge market share in servers and personal computers which are used for common routine tasks although it has faced significant challenges in its transition to servers and mobile, for handling real time analytics.
Intel new cheaper Xeon chip
Intel Corporation (NASDAQ:INTC) recently launched its New Xeon chips that are designed to have twice as much performance as compared to their predecessor with the capability of exchanging data, four times faster. The new chips are significantly cheaper compared to IBM and Oracle Corporation (NYSE:ORCL)’s thus the reason behind the company recent upsurge in the market and the lowering of the bar in the implementation of ‘internet of things’ application.
The new chip has also been found to be highly efficient in democratizing critical computing missions according Intel Data senior VP Diane Bryant. This marks the company intention to fully focus on the growth of its data center especially with the inception of the new Xeon chips. The reviews for the chip which mostly relies on 22nm lvy Bridge platform have been nothing less than positives aimed at shrugging off, competition from ARM server CPU vendors. With the new chips, a lot awaits to be seen of what will be the response of IBM.
Intel market position
Intel Corporation (NASDAQ:INTC)’s share is currently trying to a secure top spot of its 80-day moving average which was experienced in November – December last year. Intel Corporation slipped on Friday trading session to close the week at a drop of 1.29% and close at $24.42.
