Intel Throws Down Gauntlet on ARM Holdings

Intel (NASDAQ:INTC) has created a prototype Google (NASDAQ:GOOG) Android phone running on its Medfield Atom chips that supports features such as streaming of Blu-ray quality video and “burst” shooting of 8MP pictures. But specs aren’t enough to give Intel what it needs to go up against ARM-based chips in the tablet and smartphone markets: ARM (NASDAQ:ARMH) still reigns in power consumption, and OEMs are hesitant to support another chip architecture.

Here’s how these three stocks are reacting to the news:

Intel Corporation (NASDAQ:INTC): INTC shares recently traded at $23.53, down $0.31, or 1.3%. They have traded in a 52-week range of $19.16 to $25.78. Volume today was 30,073,300 shares versus a 3-month average volume of 63,554,600 shares. The company’s trailing P/E is 10.19, while trailing earnings are $2.31 per share. Get the most recent company news and stock data here >>

Google Inc. (NASDAQ:GOOG): GOOG shares recently traded at $623.28, down $7.09, or 1.12%. They have traded in a 52-week range of $473.02 to $642.96. Volume today was 1,791,451 shares versus a 3-month average volume of 3,170,760 shares. The company’s trailing P/E is 21.25, while trailing earnings are $29.34 per share. Get the most recent company news and stock data here >>

ARM Holdings plc (NASDAQ:ARMH): ARMH shares recently traded at $26.60, down $0.59, or 2.17%. They have traded in a 52-week range of $19.60 to $32.18. Volume today was 2,563,864 shares versus a 3-month average volume of 3,678,990 shares. Get the most recent company news and stock data here >>