Seeking Alpha
Long/short equity, tech, ETF investing
Profile| Send Message| ()  
Excerpt from today's One Page Annotated Wall Street Journal Summary (which you can get emailed to you every morning by signing up here):

Breaking News: Intel Plans to Sell Unit To Marvell for $600 Million

  • Quick Comment: Intel's sale of its communications business to Marvell is a short-term positive for both stocks. Strengthens Marvel (MRVL) by reducing competition, generates cash and increases focus for Intel (INTC). In the long run, begs the question how Intel will diverisfy out of microprocessors. Whether Marvel or Intel is the stronger competitor for Texas Instruments (TXN), the leader in the mobile chip market, is uncertain.
Source: Intel Sells Communications Chip Unit to Marvell