Intel’s shift to new markets pays off

Article Excerpt

Dear client, Consumers increasingly use smartphones to access the Internet instead of personal computers powered by computer chips. Industry leader Intel continues to adapt to those and other changes in the market—the same way it has since operations began in 1968. The company has now applied its chip-making expertise to fastergrowing fields such as cloud computing (Internet file storage) and selfdriving cars. We feel those moves, along with Intel’s high dividend, make it a particularly attractive buy for long-term gains. INTEL CORP. $36 (Nasdaq symbol INTC; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 4.7 billion; Market cap: $169.2 billion; Price-to-sales ratio: 2.8; Dividend yield: 3.0%; TSINetwork Rating: Above Average; www.intel.com) is the world’s leading maker of computer chips: its products power 80% of all personal computers. The company also makes chips for server computers, smartphones and other electronic devices. Demand for computer chips tends to move up and down with the overall economy. Intel’s sales fell from $53.3 billion in 2012 to…