Intel Is Smart to Declare Itself A Cloud Company--For Now

When Intel announced that it would lay off 12,000 workers in an effort to restructure itself for the post-PC age, there was one notable word missing from its spin-heavy press release: mobile. The press release said that the chipmaker was cutting 11 percent of its global workforce in order to "accelerate its evolution from a PC company to one that powers the cloud and billions of smart, connected computing devices." But that doesn't mean smartphones--or, at least, it doesn't seem to. The bit about "smart, connected computing devices" is a reference to the Internet of Things. Okay, that gawd awful buzz-phrase don't really capture the full scope of what Intel is trying to do there--it's not just Internet-connected thermostats.