The Best And Worst Technology Company Stocks In The Third Quarter Of 2017


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Intel

CEO: Brian Krzanich

June 30, 2017: $33.74

Sept. 29, 2017: $38.08

Change: +12.86%

On Aug. 8 Intel completed its $15.3 billion acquisition of Mobileye, a manufacturer of chip-based camera systems for connected cars, for $15.3 billion. The move, part of Intel's efforts to expand beyond chips for desktop and laptop PCs into new areas such as the Internet of Things and artificial intelligence, makes Intel a major player in the market for components for automated vehicle systems.

On July 27 Intel reported results for its second 2017 quarter ended July 1. Revenue in the quarter grew 14 percent to $14.76 billion from $13.53 billion in the same quarter one year earlier. Net income more than doubled to $2.81 billion in the quarter from $1.33 billion one year before.




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