The researchers were able to pull that off by modifying regular Wi-Fi hardware with new software. More significantly, the technology costs only $700, so for communities in the developing world, where there isn't a strong communication infrastructure, it would be a relatively inexpensive way to transmit information.
By expanding into China and extending the reach of Wi-Fi signals (which normally only carry a short distance) to many of the world's other rapidly growing emerging markets, Intel is showing that it's serious about capturing some of the wealth at the "bottom of the pyramid." I encourage investors to factor both developments into their assessment of the company's long-term prospects, because I am confident both will pay dividends.
Interested in seeing how Intel has stacked up against some other heavyweights in Stock Madness? Check out its recent performances:
Intel is recommended in the Inside Value newsletter. What is Wall Street overlooking now? Inside Value gives subscribers the big names with the best prospects for good returns. A free trial gives you all the picks and how they're doing.