Intel Corporation (NASDAQ:INTC) is trying to explore additional revenue stream. The company is betting big on Internet of Things (IOT), as it believes it would be a major money spinner for the company in the near future. In a press release issued recently, Intel Corporation (NASDAQ:INTC) said that it would be extending its Intel® IoT Developer Kit by releasing the Intel® XDK IoT Edition.

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The Intel® XDK IoT Edition will enable developers to simplify the development of Internet of Things apps that they write in Javascript. Intel Corporation (NASDAQ:INTC)’s XDK IoT Edition also includes tools that help developers to create, debug and run apps on Intel® Edison and Intel® Galileo boards. Another great feature of the Intel® XDK IoT Edition is that developers can develop an HTML5 companion app that will run on tablets, PCs and Phones to control IoT devices.

As of June 30, 2014, Ken Fisher’s Fisher Asset Management owns over 18 million shares in Intel Corporation (NASDAQ:INTC).

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Ritesh Anan is a full-time derivatives trader. Though he firmly believes in the power of Technical Analysis, he is also a lifelong student of macroeconomics. In his free time, he reads anything and everything that comes from Robert J. Shiller, George Soros and Nassim Nicholas Taleb.