This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Intel, Nokia Plan to Make Plans ... Big Plans

(Updates stock prices)

Searching for help in a wireless device market that's rapidly undercutting their core businesses, Intel (INTC - Get Report) and Nokia (NOK - Get Report) have decided to work together on new mobile-chip efforts.

The two companies hosted a joint press conference Tuesday to announce the "multi-year collaboration."

In its simplest terms, the planning seems centered on Nokia's desire to make Linux-based netbooks with Intel's help. And chipmaker Intel agreed to license Nokia's 3G wireless technology, presumably to make both processors and the wireless modems to connect gadgets to the Internet.

Both companies said it was too early to speculate on the types of devices that might spring from this collaboration.

Nokia is very interested in making a new generation of mobile Internet devices. As has reported, Nokia is planning to make netbooks. And No. 1 PC maker Hewlett-Packard ( HPQ - Get Report ), as we reported earlier this month, is working with its contract manufacturer Foxconn to make so-called smartbooks using Qualcomm (QCOM - Get Report) chips.

The move by Intel is yet another attempt to crack the mobile market dominated by Qualcomm and Texas Instruments (TXN - Get Report). Intel's Atom processor has been a win with netbook makers, but it has cannibalized the company's dual core processor chip business.

On thing seems clear: The push by PC suppliers toward Linux-based device operating systems also all but guarantees that Microsoft (MSFT - Get Report) will eventually fashion a version of its new Windows 7 software for the Linux machines.

The hard-charging but nonspecific plans help boost Intel shares 1.2% to $15.87 and pushed Nokia up 2.8% to $14.47 in afternoon trading Tuesday.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
HPQ $9.91 0.00%
INTC $29.04 0.00%
MSFT $50.16 0.00%
NOK $5.96 0.00%
QCOM $44.02 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs