Intel (INTC) Takes Big Stake in Cloudera
Shares of the Intel Corporation (INTC) were up +0.16 or +0.63 percent in pre-market trading on Friday, after the company announced late Thursday that it was making a significant investment in startup Cloudera. While the size of the deal has yet to be announced, the investment by Intel is the largest single investment in data center technology made by the company.
On Thursday, Intel stock closed at $25.31 per share, down -0.07 or -0.26 percent.
Santa Clara, California based Intel Corporation is the worldâ s largest maker of semiconductor chips by revenue. Founded in 1968, the company owns a slew of important patents for microprocessors and processors used in most personal computers including the x86 microprocessor series and the Pentium processor. Intel invented the worldâ s first commercial microprocessor in 1971. Clouderaâ s software manages data through what is known as a â
Published on Mar 28, 2014
By Jay Hawk