Intel Forms New Solar Power Joint Venture

Article Excerpt

INTEL CORP. $23 (Nasdaq symbol INTC; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 5.7 billion; Market cap: $131.1 billion; WSSF Rating: Above average) has agreed to merge its solar-power technology into a new joint venture called SpectraWatt Inc. This new company will make photovoltaic cells from silicon. These cells are the primary component used in making solar panels that use sunlight to generate electricity. SpectraWatt will focus on new ways to improve existing industry manufacturing methods. The partners plan to build a new plant in Oregon later this year, and begin production in mid-2009. Intel is a buy. buy…