Intel blew it on mobile. Now it's trying to avoid missing out on virtual reality. - Recode

Final paragraphs from an Intel reality check; in other Intel news, see Intel Licenses ARM Technology to Boost Foundry Business (Bloomberg)

"If there was a big positive to take away from Tuesday’s opening, it was that at least the PC giants understand their predicament.

Analyst Patrick Moorhead said the fact that Intel and Microsoft appear to be on the same page is key. Microsoft and Intel talked up cooperation around virtual reality, including establishing a new set of guidelines so device makers can build a VR-ready system.

"Historically, more has been accomplished with the two working together than against each other. Intel and Microsoft were not aligned in smartphones or tablets, and the result was negative for both," he said."

Intel blew it on mobile. Now it's trying to avoid missing out on virtual reality. - Recode