Boston, MA 11/25/2014 (wallstreetpr) – Intel Corporation (NASDAQ:INTC) wants to do more than it has done in the past. The company has always sought to do more because of the shrinking opportunities in the PC market – its bread and butter. The company announced efforts to bring biometric authentication to computers sooner than later, according to an article by PCWorld. That will signal another attempt by the company to pursue revenue opportunities outside its traditional areas. It is also actively seeking to penetrate the mobile market.
Intel Corporation (NASDAQ:INTC) and its subsidiary, McAfee, announced plans to help users with biometric authentication so as to avoid the problems associated with passwords. The use of the password for log-in into laptop and desktop computers come with a fair share of challenges. There are the risks of someone trying to steal your log-in credential. Further, there is also the challenge of people forgetting their password, especially where they have many of them.
To avoid such challenges, Intel Corporation (NASDAQ:INTC) believes that it has a role to play to make log-in into computers more secure and easier than it has been done in the past. The company expects to start the role out of the biometric log-in for laptops next year.
Biometric authentication is not a new technology. Apple Inc. (NASDAQ:AAPL) recently brought it to its mobile payment service known as Apple Pay. However, the application of biometric authentication is currently small, and Intel expects to expand it to PC users to enhance their security.
In addition to biometric authentication, Intel Corporation (NASDAQ:INTC) also talked about wireless charging capability for PC and tablets. The capability is expected to launch next year and will help to eliminate the troubles associated with carry power cables and similar charging devices.
Intel Corporation (NASDAQ:INTC) hopes to get the wireless charging technology installed in lounges, cafes and places of common gathering.
Intel is trying to break away from its overreliance on PC sales because the segment is predicted to continue declining as mobile penetration increases. The company is developing better mobile chips to give it a competitive edge in the mobile chip market. It has also entered into some strategic deals in China for the same reason.
Intel Corporation (NASDAQ:INTC) has been moving up and the stock has been making higher highs which is a positive sign. Moving ahead the stock has resistance at $38 and $40 where as support near $34 and $32 in short-term. Price moment and RSI both are in sync hence the trend is intact.