Will Intel (INTC) Stock Be Impacted By Messaging App Launch?

NEW YORK (TheStreet) --Intel Corp. (INTC) launched its own messaging app that uses vocal and facial recognition to create a 3D avatar that will deliver a user's message, Reuters reports.

The app is called "Pocket Avatars" and uses a smartphone's camera and microphone to record a message and map the speaker's face placing it onto one of many cartoon characters.

When the recipient opens their message it will be delivered by a 3D character complete with facial expressions and body movements.

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The app is free and available on the iPhone (AAPL) and Android (GOOG) smartphones.

Shares of Intel are up 0.13% to $29.97 in late morning trading on Thursday.

Separately, TheStreet Ratings team rates INTEL CORP as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate INTEL CORP (INTC) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

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