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Intel chairman Andy Bryant tells analysts in Nov. 2013 that he was personally embarrassed by the missteps in not investing enough in tablets and mobile devices and that Intel was paying the price for this. Intel executives say they realize the other aspects of Moore's law that says intelligence and computing will migrate to ever smaller devices such as tablets and mobile devices, and still smaller devices, as they confront a PC centric past.

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Intel's business model depends on making large investments in the latest technologies in chipmaking facilities. It continues its strength by ending 2014 with $14.1 billion in cash, after paying out $4 billion in dividends and buying back about $10 billion in stock. Profit margins improved during 2014, with net income up 39% to $3.7 billion or 74 cents a share, from 2013 level. Revenue is up 6% to $14.7 billion. 2015 outlook is for "mid single digit" growth in revenue with continued growth in PC's and servers. PC business was up 3% in the 4th quarter 2015, and the server business up 25% reflecting business investment in cloud computing. However mobile business continues to struggle with losses of $4.2 billion. Intel still depends a lot on PC and server chips for growth, with $49 billion of $55.8 billion in 2014 sales coming from PC's and server chips.

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The pricing in the cloud computing industry that charges say a millionth of a penny for one line of software code- Amazon Web Services pioneered this kind of pricing in 2015 to build its strong presence in this field.

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IBM raises $1.5 billion with bonds issued at a rate of 1% only. The low rates mean corporations are able to raise funds, but the interest rates for savers holding money market funds is only 0.29%. There are costs for the Fed's easy monetary policy.

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Lenovo leads in a shrinking PC market as tablets become popular in 2013.

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A recovery in Intel's business of making microprocessors for PC's. Computer demand from corporate customers, medium and small businesses is increasing. Intel showed a 40% increase in profit for the 2nd quarter of 2014. Demand for tablets is softening and buyers are using large smartphones instead of the smaller tablets. Intel CEO Krzanich, says the installed base of PC's that is about 4 years old is about 600 million strong, and is refreshing for these business customers. Intel is also shipping chips for tablets with plans to ship chips for 40 million tablets in 2014. The Internet of Things group, making chips for non-computer devices, showed an increase of 24% in revenue. So far Intel shares are up 20% in the first half of 2014. Intel plans to add $20 billion to its stock buyback plan and plans to repurchase about $4 billion of its shares in the 3rd quarter of 2014.

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Intel Corp's overreliance on the PC market which is declining. About three fourths of Intel Corp. revenue is from the PC market. Intel stuck to its strategy of selling at higher margins to PC manufacturers and only gradually made the shift to smartphones and tablets. Intel was late to see the challenge from lower cost suppliers of chips for mobile phones and videogames. The quality of chips from these suppliers has improved to the point where they supply most of the chips worldwide for mobile phones and tablets. The late move into mobile devices has hurt performance of Intel. Net income declined to $2 billion in the 2nd quarter 2013, a 29% decline from the previous year. Revenue was down to $12.8 billion in the 2nd quarter, a decline of 5% from the prior year. Intel's new strategy is to pursue the lower end of the PC and tablet market with new chips planned for Dec. 2013 on notebook computers at prices in $300 range, and tablets in the $150 range. The new Intel CEO Mr. Krzanich is focussing on costcutting and other improvements....

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A pessimistic picture of Yahoo's value. Gottfried says the company has failed to to create core value in its products and to increase growth. The moves to mobile, video, native and social have largely failed. Alibaba's stock has declined 44% in 2015, and Yahoo's stake is valued in line with Alibaba and at a widening discount since its IPO in September 2015. There is the additional uncertainty over whether the IRS will treat a spinoff of Yahoo's stake in Alibaba as tax free.

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PC shipments worldwide declined by 14% in the first quarter of 2013, compared to the prior year quarter, according to IDC. Gartner Research's estimate for the first quarter PC shipments shows a decline of 11.2%. IDC analysts say the introduction of Windows 8 with touch screen capabilities has not reversed this trend. It may have exacerbated the trend because Windows 8 made changes that reduced the PC experience to bring in touch screen and other features available on tablets, and made the product more confusing to use. This view of IDC is confirmed by some companies which say the incremental value of Windows 8 is not worth the cost of training employees to use the new PC's with Windows 8.