Tech Company Stocks In Q1: Who Gained? Who Lost?

http://i.crn.com/executives/krzanich_brian_intel400.jpg

Intel

CEO: Brian Krzanich

Dec. 30, 2016: $36.30

March 31, 2017: $36.07

Change: -0.63%

Stagnant PC sales have meant slower revenue growth for Intel in recent years given its dependence on selling processors for that market. The company has struggled to compete in the market for chips for mobile devices, but it has been growing its sales of processors for data center systems, the Internet of Things market, artificial intelligence and other emerging areas.

On March 13 the company unveiled a blockbuster deal to acquire Mobileye, a manufacturer of chip-based camera systems for connected cars, for $15.3 billion.

On March 29 Intel named Aicha Evans to be its chief strategy officer, responsible for driving the chipmaker's long-term strategy to transform from a PC-centric company to a data-centric company.