Intel Run to Mobile Devices May Be Too Little, Too Late

24/7 Wall St.

94073253In a look at Intel Corp. (NASDAQ: INTC) yesterday, we noted a positive article in Barron’s and an analyst’s upgrade from FBR Capital Markets. Intel’s design win for the 10-inch Samsung Galaxy Tab played a big role in that upgrade. The company finally has something it can use to compete with Qualcomm Inc. (NASDAQ: QCOM) and ARM Holdings PLC (NASDAQ: ARMH).

But how big a boost is this really? In a letter today, Sterne Agee’s analyst notes that while Intel is indeed increasing its focus on tablets and smartphones, the newest chip from the world’s largest chipmaker will not be available until late this year and will not be included in new products until the first half of next year.

Sterne Agee also points out that the newest chips will be selling at an average price of $20 to $50 each, compared with a…

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