Back to top

Analyst Blog

The world’s largest manufacturer of semiconductor products, Intel Corp (INTC - Analyst Report) announced that it has acquired San Francisco-based startup Mashery Inc.for $180 million.

Founded in 2006, Mashery provides technological solutions in application programming interfaces (API) to some of the leading brands such as USA TODAY, Comcast (CMCSA - Analyst Report), Hoover’s, Klout, Associated Press, Rdio and Travelocity. API comprises pieces of code and other specifications that facilitate software development. The acquisition marks Intel’s efforts to further build its software business.

APIs are basically a set of routines, protocols and tools for building software applications. Good APIs make it easier to develop a program by providing all the building blocks, which the programmer can put together.

Currently, firms such as eBay (EBAY - Analyst Report), Amazon Web Services and Google all use this technology to run their businesses. Microsoft Corp, IBM, Layer 7, Apirio and MuleSoftall provide API management services.

Intel sells chips, which are used in server systems that companies use to share information with mobile devices. Mashery provides the building blocks that are used by software developers to make user interaction possible. The acquisition furthers Intel’s efforts in the software and services segment.

Intel reported revenues of $12.58 billion, within the guidance range of 12.7 billion (+/-$500 million) in the first quarter of fiscal 2013, down 6.7% sequentially and 2.5% year over year. Weaker-than-expected PC demand stemming from tablet cannibalization and restrained consumer buying due to tighter budgets continued in the quarter.

Currently, Intel shares carry a Zacks Rank #3 (Hold).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
RPC INC RES 24.91 +8.35%
LITHIA MOTO… LAD 94.59 +4.60%
DELTA AIR L… DAL 39.15 +3.90%
FLAMEL TECH… FLML 14.51 +3.50%
SOUTHWEST A… LUV 28.87 +2.92%