The world's largest manufacturer of semiconductor products,
), announced its new solid state drive (SSD) DC S3500 Series.
The latest SSD is ideal for cloud computing and data center
applications, especially read-intensive applications like web
hosting, cloud computing and data center virtualization. The
drive is based on latest multi-level cell NAND flash memory as
well as custom controller and firmware. The drives use Serial
ATA-6Gb/s interface and deliver sequential read speeds of up to
500MB/s and sequential write speeds of up to 450MB/s.
Additionally, the new SSD provides uninterrupted services,
including a short period of backup power in the event of a power
cut. The drive also uses 256-bit AES encryption for data
protection. The SSD is available in 80 gigabyte (GB) to 800GB
capacities in both 1.8" and 2.5" form-factors for $115 and $979,
respectively. The drive also comes with a 5-year warranty.
Intel believes that the SSD DC S3500 Series is capable of
delivering a device with utmost speed, quickly responding
systems, energy efficient features, more consistent performance
and smaller space requirements.
Cloud computing is a process in which data or software is
stored at a remote location but can be easily accessed anywhere
anytime via the Internet. This idea has been truly revolutionary
and helps firms lower IT costs by cutting down on the need for
servers and the required staff to maintain the hardware.
Due to its significant advantages, cloud computing has been
quite popular in the recent years and the momentum is expected to
continue. Market research firm IDC predicts that worldwide
spending on cloud services will reach $44.2 billion this year.
Another firm, Gartner predicts that around $677.0 billion would
be spent on cloud services from 2013 through 2016. Gartner
expects the public cloud services market to jump 18.5% in 2013 to
total $131 billion worldwide, up from $111 billion in 2012.
The demand for cloud computing is growing on a regular basis
and the huge growth potential has prompted Intel to focus more on
cloud computing. The release of these new SSDs would help Intel
to be in a better position to increase its share in the cloud
Intel has a strong market position and remains well positioned
in both storage and networking. However, Intel's main business of
making processors for PCs is seeing sagging demanddue to the
increasing customer shift toward tablets and hybrids. Therefore
it is important for Intel to focus on growth areas like cloud
The company delivered decent first quarter 2013 results. The
top-line numbers for the quarter were within the guidance range
and slightly better than normal seasonality, while the bottom
line missed the Zacks Consensus Estimate by a couple of cents. We
believe that growth in data centers, focus on the mobile segment,
adoption of new products and new offerings should help Intel get
back on growth track.
Intel shares carry a Zacks Rank #3 (Hold). Other stocks that
have been performing well and are worth considering include
), all carrying a Zacks Rank #2 (Buy).
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