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Consumer Electronics

Portable Intel (INTC) (AAPL) (RIMM) (NOK)

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By Douglas A. McIntyre Published
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Intel (INTC) has decided to push into the chip market for small mobile devices which can access the internet. According to The Wall Street Journal "Intel, which largely missed out on the market for chips used in cellphones, is using a technology conference in Shanghai to talk up gadgets it calls MIDs, for mobile Internet devices."

The idea seems good, but why anyone would want the devices is a mystery, especially with the ultra-smart smartphones coming to market from Apple (AAPL), Samsung, LG, RIM (RIMM), and Nokia (NOK). These handsets, not much bigger than a regular cellphone can work with both WiFi and 3G cell service.

Getting consumers to buy a class of devices which they have never seen, particularly when the devices which they have now work so well is a losing game. Intel has tried to invent a market to create sales before. The company built chips to power the wired home. Intel is out of that business now.

Stick to the knitting.

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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