Intel Corporation (NASDAQ:INTC), which happens to be one of the industry leaders has moved ahead to dismiss a previous report that was rather misleading. It outlined that the top provider had resolved to proceed with the move to license the Advanced Micro Devices, Inc (NASDAQ:AMD) processing unit. Some of the top executives working with the company have condemned the report citing that the only information that needed to be let out to the general public was sure information!
A spokesperson working with Intel was quick to run to the defense of the company after he termed the rumors about licensing of AMD’s graphics technology as groundless and untrue.
The latest reports have indicated that indeed shares of AMD have gone a notch higher by about 10% and that is of course based on a Fudzilla report. On Thursday, the shares of AMD went down by about 3% and that was of course during the first hour of trading.
The high end company is at this particular point in time in undertaking a major transformation move. It hopes to rise from being a traditional chipmaker to become a broad all-round data player and most of the concerned parties believe this will come to pass considering that the company is a very much dedicated to attaining success.
INTC remains one of those companies that are rather difficult to assess. The company’s manufacturing and capex heavy CPU business is as a matter of fact complemented with an R&D heavy IP business.
Every passing year sees to it that the R&D department actually establishes innovations that help uphold relevance in the field and this as a matter of fact makes it possible for Intel to stay true to Moore’s law. On the other hand it should be able to formulate cross-cutting technology in the different hot markets.
Let’s face it, INTC has in the recent years been evolving and is set to become one of the top research heavy companies globally.
This in other words refers to the fact that it will experience increased exposure to technological developments, fierce competition and the changing customer needs.