Intel Corporation (NASDAQ: INTC) recently boosted its dividend by 15% to 18 cents, showing solid growth within the company. Intel is readying for the holiday season by lowering the prices on its solid state hard drives. The hard drives are beneficial over traditional hard drives in many ways such as power and data loss. The price point on these drives has always been a reason not to purchase them. However with the decrease in price, it could spur much larger demand.
in the longer term, Intel plans to make headway into the mobile phone market - a market which the company has lagged. The company is well positioned to make an entrance however, as it is the dominant player in the computer processors industry.
Intel was up 1.51% last trading session, to close at $21.53. The stock has a market capitalization for $120 billion and a PE ratio of 11.59.
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