Not resigned to Harari's resignation

Not resigned to Harari's resignation Intel is an untiring buyer, and announced yet another deal this week, this time buying the wireless processor business of Infineon.Intel will be short revenue of around $600 million, 5% of its current quarter's revenue, in order to meet its optimistic guidance which however it gave in July, and apparently this will not happen.

It is clear that nearly all the sales that Intel is missing have moved in recent weeks from laptops and netbooks based on Intel processors to the tablet computers like Apple's iPad, which have been grabbed by buyers like fresh bread. As is known, Intel is not in those iPads, and like many others was surprised by their strong success, and especially their cannibalism of the mobile computer sector, which Intel leads, along with its smaller competitor AMD.

With the acquisition of Infineon's unit, Intel will grab a share of the market considered the most "sexy", iPhones and iPads. But it won’t do so through its computer processors, but through communications processors, a market to which it is returning four years after it sold DSP to Marvell Technology Group (Nasdaq: MRVL).

Another Israeli aspect is Ceva Inc. (Nasdaq:CEVA); LSE:CVA), which I hold in my portfolio tracked by "Globes", which today sells DSP IP to iPhones and iPads through Infineon, and will certainly be happy that Intel will become its customer with the close of the deal in the beginning of 2011.