Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
Thomas Rozario
ACCTG 220
Dr. Mereba
SEC Project – Written
Assignment
Date: 12/08/2014
Intel Corporation
Intel began in July18, 1968 and is 46 years old. It was founded by Gordon E. Moore who
is also a physicist and chemist. He was accompanied by Robert Noyce, also a fellow physicist
and co-creator of integrated circuitry, after they both had left Fairchild Semiconductor. When the
firm was founded, Gordon Moore and Robert Noyce had the idea to name their company Moore
Noyce. However when the name is spoken it is heard as “More Noise” This idea was quickly
abandoned and the pursuit of a more suitable name – one which was not associated with a bad
interface. The name NM Electronics was shortly thereafter chosen and used for nearly a year,
when the company experienced a name change to Integrated Electronics, or INTEL for short.
The rights to the name however had to be purchased as it was already in use by a fairly well
known hotel chain called Intelco. Intel was incorporated in California in 1968 and reincorporated
in Delaware in 1989.
Intel’s original business plan was written by Moore and consists of three very vague
paragraphs. Though short, the paragraphs were enough to secure funding as venture capitalist
