The world's largest manufacturer of semiconductor products,
) recently announced its collaboration with SoftKinetic to
develop 3D sensor and gesture recognition solutions for different
platforms, including Ultrabook, notebooks, desktops, All-In-One
personal computers (PCs) and tablets.
Per the terms of the agreement, Intel will license
SoftKinetic's gesture recognition software platform, iisu, within
its Perceptual Computing software development kit (SDK).
Founded in Jul 2007, the Belgian company SoftKinetic provides
motion control or gesture-based recognition solutions. This
technology is widely used in a variety of devices in the consumer
electronics and health & fitness markets. Currently, this
technology is in use in the video game industry as well. Gaming
consoles such as
) Kinect and Nintendo's Wii are already equipped with this
Currently, motion-based or gestures-based technology is
gaining immense popularity. It is the next big thing in the
technology world. The ease of use it offers-- tapping anywhere on
the screen to play a song, pause it or swipe the screen to
change the track -- is the primary reason for its popularity.
Although gesture-based technology is still in a nascent stage,
apps are already being developed. Start-up companies like Flutter
are allowing PCs powered by
) Mac and Microsoft Windows to control their music by downloading
the app. The users, through gestures, can use applications such
as Spotify, iTunes, Windows Media Player, QuickTime and VLC.
According to ABI Research, 600 million smartphones will be
shipped with vision-based gesture recognition features by 2017.
Further, companies like
) are planning to offer smartphone OEMs with camera, infrared,
and ultrasound based tracking, using gesture recognition
technology. Thus, based on the growth opportunities present in
the field, the collaboration will likely be positive for
Intel has a strong market position and technology lead and
continues to show solid execution.
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
Although the decline in PC demand will continue to affect
Intel's results in the near term, we believe this move will help
diversify Intel's product line.
Intel shares carry a Zacks Rank #3 (Hold).
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