2013 Could Be a Turnaround Year for Intel (INTC)
Although technology company, Intel Corporation(INTC) has seen a decline recently, new products may result in a turnaround for the company in 2013.
The company reported this week that they were planning to release a new mobile operating system next February, which will add diversity to the company’s product mix.
Additionally, a report released on Friday from Digitimes announced that INTC also plans on producing a new smart TV next year. Reports have suggested that this TV will not be limited to ordinary PC functions, but will also include functions which will involve users voice, face, and movements.
Intel will also be working to produce other products such as new chips for mobile devices including tablets made by Microsoft(MSFT).
Intel shares were mostly flat during premarket trading Friday. The stock is down -15% YTD.
The Bottom Line
Shares of Intel Corp (INTC) have a 4.39% dividend yield, based on last night’s closing stock price of $20.51. the stock has technical support in the $19 price area. If the shares can firm up, we see overhead resistance around the $21-$22 price levels.
Intel Corporation(INTC) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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