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Intel profits slide as chipmaker repositions

Intel Corp. said Wednesday profits in the past quarter slid by 29 percent as the chipmaking giant accelerated its efforts to focus on mobile computing.Intel Corp. said Wednesday profits in the past quarter slid by 29 percent as the chipmaking giant accelerated its efforts to focus on mobile computing. The second quarter net earnings were $2 billion, down from $2.8 billion in the same period a year ago. Revenues also fell five percent to $12.8 billion. Brian Krzanich, who was named chief executive in May, said Intel would step up efforts to gain ground in the mobile market.