Maybe Intel is so down on the chip market that it hopes that if it moves into software sales it can improve its revenue picture. The chip giant announced yesterday that it would start selling a package of Web 2.0 software.The new software package, called SuiteTwo, is targeted at helping office employees communicate with one another more effectively using blogs, wikis, and syndicated news feeds.The description of the package begs the question of what is wrong with e-mail, instant messaging and RSS feeds. Many business employees already have these services on their PCs and moving them away from this may be difficult.Nonetheless, the product will be available to all of Intel’s PC clients, which means it could have a very large distribution base. The package will cost about $200 a year.Why would anyone pay $200 for new software when their RSS feeds, e-mail, VoIP, and IM are free?Good question.Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
Intel Moves Into Software (INTC)
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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