NEW YORK (TheStreet) -- Intel (INTC) was gaining 0.7% to $34.83 Thursday after announcing a new collaboration with Dell, Emerson (EMR) , and Hewlett-Packard (HPQ) to create a new industry standard for data center management, analysis, and security.
The four companies are working to create Redfish, a new specification for data centers that will help improve scalability and expand data access and analysis. The technology will also help its users cut costs and enable remote management options.
Intel and the other companies involved are working with standards bodies to speed up the development process. When Redifsh is completed the companies will submit Redfish to the Distributed Management Task Force for approval by the Scalable Platform management Forum, and will make it publicly available once approved.
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TheStreet Ratings team rates INTEL CORP as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate INTEL CORP (INTC) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and reasonable valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."